The role of asymmetric innovation’s sizes in technology licensing under partial vertical integration
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http://hdl.handle.net/10045/142567
Title: | The role of asymmetric innovation’s sizes in technology licensing under partial vertical integration |
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Authors: | Sánchez, Mariola | Nerja, Adrián |
Research Group/s: | Economía Industrial y Desarrollo Local (EIDL) | Grupo de Investigación en Política Económica (GIEPE-UA) |
Center, Department or Service: | Universidad de Alicante. Departamento de Economía Aplicada y Política Económica |
Keywords: | Patent licensing | Exclusive licenses | Market for technology | Asymmetric innovation |
Issue Date: | 17-Apr-2024 |
Publisher: | Elsevier |
Citation: | Research in Economics. 2024, 78: 100958. https://doi.org/10.1016/j.rie.2024.100958 |
Abstract: | In this paper, we compare the scenarios of exclusive licenses and cross-licenses under the existence of partial vertical integration. To do this, a successive duopoly model is proposed, with two owners and two firms competing in a differentiated product market. Each technology owner has a share in one of the competing firms, so that competition is also extended to the upstream R&D sector. We propose a novel analysis where differences in the size of their innovation process are allowed, extending the results in Sánchez et al. (2021). We find that the cross-licensing scenario is preferred when the size of the innovation is small; this occurs regardless of the participation in the competing companies and how many innovate. If the innovation is very large, the owners may be better off with exclusive licenses. |
Sponsor: | This work was supported by the project PID2022-136547NB-I00, that was funded by the Spanish Ministry of Science, Innovation and Universities, MICIU/AEI/10.13039/501100011033, and by FEDER, UE |
URI: | http://hdl.handle.net/10045/142567 |
ISSN: | 1090-9443 (Print) | 1090-9451 (Online) |
DOI: | 10.1016/j.rie.2024.100958 |
Language: | eng |
Type: | info:eu-repo/semantics/article |
Rights: | © 2024 University of Venice. Published by Elsevier Ltd. |
Peer Review: | si |
Publisher version: | https://doi.org/10.1016/j.rie.2024.100958 |
Appears in Collections: | INV - EIDL - Artículos de Revistas INV - GIEPE-UA - Artículos de Revistas |
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Sanchez_Nerja_2024_ResEcon_final.pdf | Versión final (acceso restringido) | 609,59 kB | Adobe PDF | Open Request a copy |
Sanchez_Nerja_2024_ResEcon_preprint.pdf | Preprint (acceso abierto) | 441,35 kB | Adobe PDF | Open Preview |
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