Incentives to exclusive and non-exclusive technology licensing under partial vertical integration

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Title: Incentives to exclusive and non-exclusive technology licensing under partial vertical integration
Authors: Sánchez, Mariola | Belso-Martínez, José Antonio | López-Sánchez, María José | Nerja, Adrián
Research Group/s: Economía Industrial y Desarrollo Local (EIDL) | Grupo de Investigación en Política Económica (GIEPE-UA)
Center, Department or Service: Universidad de Alicante. Departamento de Economía Aplicada y Política Económica
Keywords: Competing innovators | Exclusive licenses | Market for technology | Patent licensing
Issue Date: 16-Nov-2021
Publisher: John Wiley & Sons
Citation: The Manchester School. 2022, 90(2): 171-189.
Abstract: In this paper, we compare the scenarios of exclusive licenses and cross-licenses under the existence of partial vertical integration. To do this, a successive duopoly model is proposed, with two technology owners and two firms competing in a differentiated product market. Each technology owner has a share in one of the competing firms, so that competition is also extended to the upstream R&D sector. Thus, this model represents a mixed case to what is normally analyzed in the literature. We explore the implications of the size of innovation and the degree of vertical integration in technology diffusion. In equilibrium, patent holders’ decisions might not be aligned.
Sponsor: The authors acknowledge financial support from the Chair GVA-UMH for the Transformation of the Economic Model.
ISSN: 1463-6786 (Print) | 1467-9957 (Online)
DOI: 10.1111/manc.12387
Language: eng
Type: info:eu-repo/semantics/article
Rights: © 2021 The University of Manchester and John Wiley & Sons Ltd
Peer Review: si
Publisher version:
Appears in Collections:INV - EIDL - Artículos de Revistas
INV - GIEPE-UA - Artículos de Revistas

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