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Competition and Innovation in Markets for Technology

Publication ,  Journal Article
de Bettignies, JE; Liu, HF; Robinson, DT; Gainullin, B
Published in: Management Science
August 1, 2023
Published version (DOI)

We examine the impact of product market competition on innovation in markets for technology. An innovator makes an investment in quality-improving innovation that can be licensed to one (targeted licensing) or all (market-wide licensing) product market competitors. Our model points to a U-shaped relationship between competition in licensee product markets and innovation in the market for technology: at low levels of competition, market-wide licensing is optimal, and competition reduces innovation, whereas at high levels of competition, targeted licensing is optimal and competition increases innovation. Our empirical analysis using a large panel of U.S. data provides clear support for these predictions linking competition, innovation, and licensing.

Duke Scholars

David T. Robinson
Author David T. Robinson Fuqua School of Business

Published In

Management Science

DOI

10.1287/MNSC.2022.4574

EISSN

1526-5501

ISSN

0025-1909

Publication Date

August 1, 2023

Volume

69

Issue

8

Start / End Page

4753 / 4773

Related Subject Headings

  • Operations Research
  • 46 Information and computing sciences
  • 38 Economics
  • 35 Commerce, management, tourism and services
  • 15 Commerce, Management, Tourism and Services
  • 08 Information and Computing Sciences
 

Citation

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Chicago
ICMJE
MLA
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de Bettignies, J. E., Liu, H. F., Robinson, D. T., & Gainullin, B. (2023). Competition and Innovation in Markets for Technology. Management Science, 69(8), 4753–4773. https://doi.org/10.1287/MNSC.2022.4574
Bettignies, J. E. de, H. F. Liu, D. T. Robinson, and B. Gainullin. “Competition and Innovation in Markets for Technology.” Management Science 69, no. 8 (August 1, 2023): 4753–73. https://doi.org/10.1287/MNSC.2022.4574.
de Bettignies JE, Liu HF, Robinson DT, Gainullin B. Competition and Innovation in Markets for Technology. Management Science. 2023 Aug 1;69(8):4753–73.
de Bettignies, J. E., et al. “Competition and Innovation in Markets for Technology.” Management Science, vol. 69, no. 8, Aug. 2023, pp. 4753–73. Scopus, doi:10.1287/MNSC.2022.4574.
de Bettignies JE, Liu HF, Robinson DT, Gainullin B. Competition and Innovation in Markets for Technology. Management Science. 2023 Aug 1;69(8):4753–4773.

Published In

Management Science

DOI

10.1287/MNSC.2022.4574

EISSN

1526-5501

ISSN

0025-1909

Publication Date

August 1, 2023

Volume

69

Issue

8

Start / End Page

4753 / 4773

Related Subject Headings

  • Operations Research
  • 46 Information and computing sciences
  • 38 Economics
  • 35 Commerce, management, tourism and services
  • 15 Commerce, Management, Tourism and Services
  • 08 Information and Computing Sciences