Free licensing to boost aggregate odds for success

Gilad Sorek

Economics Letters, 2012, vol. 116, issue 2, 183-185

Abstract: We show how technological leader gains from inviting an entrant into R&D competition to improve over existing patented technology, as the entrant takes complementary R&D effort, and the demand for both current and improved technologies is increasing with aggregate probability for successful quality improvement.

Keywords: Invited competition; Technology licensing; Complementary R&D (search for similar items in EconPapers)
JEL-codes: L15 L24 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:2:p:183-185

DOI: 10.1016/j.econlet.2012.02.013

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