Selling patent rights and the incentive to innovate

Yair Tauman; Ming Hung Weng

doi:10.1016/j.econlet.2011.10.023

Selling patent rights and the incentive to innovate

Yair Tauman
, Ming Hung Weng

Economics

National Cheng Kung University

Research output: Contribution to journal › Article › peer-review

18 Scopus citations

Abstract

We show that an outside innovator has a higher incentive to innovate than an incumbent innovator, by auctioning off his patent rights exclusively to an incumbent firm. For significant innovations this is also superior to selling licenses directly.

Original language	English
Pages (from-to)	241-244
Number of pages	4
Journal	Economics Letters
Volume	114
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2011.10.023
State	Published - Mar 2012

Keywords

Cournot oligopoly
Incentive to innovate
Patent licensing
Patent rights
Process innovation

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10.1016/j.econlet.2011.10.023

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title = "Selling patent rights and the incentive to innovate",

abstract = "We show that an outside innovator has a higher incentive to innovate than an incumbent innovator, by auctioning off his patent rights exclusively to an incumbent firm. For significant innovations this is also superior to selling licenses directly.",

keywords = "Cournot oligopoly, Incentive to innovate, Patent licensing, Patent rights, Process innovation",

author = "Yair Tauman and Weng, \{Ming Hung\}",

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KW - Cournot oligopoly

KW - Incentive to innovate

KW - Patent licensing

KW - Patent rights

KW - Process innovation

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DO - 10.1016/j.econlet.2011.10.023

M3 - Article

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VL - 114

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JO - Economics Letters

JF - Economics Letters

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Selling patent rights and the incentive to innovate

Abstract

Keywords

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