On licensing sequential cost-reducing innovations
Joaquín Coleff and
Camilo Rubbini
Economics Letters, 2025, vol. 246, issue C
Abstract:
We present a simple model of an outside innovator licensing sequential innovations and propose a channel through which the prospect of future inventions affects the current number of licenses offered. Innovators may license their inventions to more firms than the one-shot licensing model predicts.
Keywords: Incentives to innovate; Sequential innovations; Patent licensing (search for similar items in EconPapers)
JEL-codes: L11 L24 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:246:y:2025:i:c:s0165176524005275
DOI: 10.1016/j.econlet.2024.112043
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