Revealing Private Information in a Patent Race

Pavel Kocourek

CERGE-EI Working Papers from The Center for Economic Research and Graduate Education - Economics Institute, Prague

Abstract: In this paper I investigate the role of private information in a patent race. Since firms often do their research in secrecy, the common assumption in patent race literature that firms know each other’s position in the race is questionable. I analyze how the dynamics of the game changes when a firm’s progress is its private information, and I address the question whether revealing it might be to a firm’s advantage. I find that a firm has an incentive to reveal its breakthrough only if its rival has not done so, and only if the research is costly.

Keywords: Patent Race; R&D Investment; Race; Optimal Effort; Revealing Private Information (search for similar items in EconPapers)
Date: 2021-07
New Economics Papers: this item is included in nep-com, nep-gth, nep-ipr and nep-mic
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