Publisher Summary The analysis of the timing of innovation posits a particular innovation
and examines the way the expected benefits, the cost of research and development, and …

Publisher Summary This chapter focuses on the patent licensing. Game-theoretic methods
have made it possible to address questions with regard to patent licensing. The common …

The past two decades have seen a gradual but noticeable change in the economic
organization of innovative activity. Most firms used to integrate research and development …

Annotation There is a strong awareness that the new economy has arrived, and that firms
and management need to focus on a plethora of new issues at present only dimly perceived …

We argue that when innovation is “sequential”(so that each successive invention builds in
an essential way on its predecessors) and “complementary”(so that each potential innovator …

We study a three-stage, asymmetric duopoly game of R&D rivalry. The stages are:(1)
development of an innovation;(2) fixed-fee licensing of the innovation; and (3) sale of the …

This paper considers the impact of the intellectual property (IP) system on the timing of
cooperation/licensing by start-up technology entrepreneurs. If the market for technology …

In technology-based industries, incumbent firms often license their technology to potential
competitors. Such a strategy is difficult to explain within traditional models of licensing. This …

Industrial organization theory has explored several issues related to licensing, but empirical
analyses are extremely rare. We amass a new and detailed dataset on licensing contracts …

The paper studies contracting between one principal and N agents in the presence of
multilateral externalities. When the principal commits to publicly observed bilateral contracts …