Patents, licensing, and market structure in the chemical industry
The strategies of rent appropriation and industry structure are inter-dependent. How firms use patents depends upon industry structure, and in turn, affects industry structure. In the 19th century, market leaders in the chemical industry combined patents and secrecy to deter entry. Within cartels, patents were used to stabilize cartels and organize technology licensing. The role of patents changed in the less concentrated post World War II markets. In bulk organic chemicals and petrochemicals, chemical producers use licensing as an important means of generating revenue from process innovations. The increased importance of technology licensing is closely related to the emergence of a class of specialized process design and engineering firms that have played an important role in the development and diffusion of process innovations. © 1997 Elsevier Science B.V.
Duke Scholars
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Published In
DOI
ISSN
Publication Date
Volume
Issue
Start / End Page
Related Subject Headings
- Science Studies
- 3801 Applied economics
- 3507 Strategy, management and organisational behaviour
- 1505 Marketing
- 1503 Business and Management
- 1402 Applied Economics