Abstract
We study the effect of spillover on extent of licensing of a process innovation. With spillover, increasing the number of licenses makes non-licensees more efficient in addition to increasing competition among licensees. Despite these effects, a patentee of a significant innovation will sell more licenses when there is spillover.
Original language | English |
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Pages (from-to) | 125-130 |
Number of pages | 6 |
Journal | Economics Letters |
Volume | 73 |
Issue number | 1 |
DOIs | |
State | Published - Oct 2001 |
Keywords
- Innovation
- L1
- Licensing
- O32
- Patents
- Spillover
- Technology licensing