Licensing the market for technology
Publication
, Journal Article
Arora, A; Fosfuri, A
Published in: Journal of Economic Behavior and Organization
October 1, 2003
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 paper extends the literature on licensing by relaxing the assumption of a monopolist technology holder. Competition in the market for technology induces licensing of innovations and incumbent firms may find it privately profitable to license although their joint profits may well be higher in the absence of any licensing. A strong testable implication of our model is that the number of licenses per patent holder decreases with the degree of product differentiation. © 2003 Elsevier Science B.V. All rights reserved.
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Published In
Journal of Economic Behavior and Organization
DOI
ISSN
0167-2681
Publication Date
October 1, 2003
Volume
52
Issue
2
Start / End Page
277 / 295
Related Subject Headings
- Economics
- 3801 Applied economics
- 3502 Banking, finance and investment
- 1403 Econometrics
- 1402 Applied Economics
- 1401 Economic Theory
Citation
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Arora, A., & Fosfuri, A. (2003). Licensing the market for technology. Journal of Economic Behavior and Organization, 52(2), 277–295. https://doi.org/10.1016/S0167-2681(03)00002-7
Arora, A., and A. Fosfuri. “Licensing the market for technology.” Journal of Economic Behavior and Organization 52, no. 2 (October 1, 2003): 277–95. https://doi.org/10.1016/S0167-2681(03)00002-7.
Arora A, Fosfuri A. Licensing the market for technology. Journal of Economic Behavior and Organization. 2003 Oct 1;52(2):277–95.
Arora, A., and A. Fosfuri. “Licensing the market for technology.” Journal of Economic Behavior and Organization, vol. 52, no. 2, Oct. 2003, pp. 277–95. Scopus, doi:10.1016/S0167-2681(03)00002-7.
Arora A, Fosfuri A. Licensing the market for technology. Journal of Economic Behavior and Organization. 2003 Oct 1;52(2):277–295.
Published In
Journal of Economic Behavior and Organization
DOI
ISSN
0167-2681
Publication Date
October 1, 2003
Volume
52
Issue
2
Start / End Page
277 / 295
Related Subject Headings
- Economics
- 3801 Applied economics
- 3502 Banking, finance and investment
- 1403 Econometrics
- 1402 Applied Economics
- 1401 Economic Theory