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Basic innovations are often fundamental to the development of applications that maybe developed by other innovators. In this setting, we investigate whether patent pools canrectify the lack of incentives for developers to invest in applications. Following Green andScotchmer (1995), we also...
Persistent link: https://www.econbiz.de/10009360853
showthat one unique set of legal rules can foster innovation and increase total R&D expendituresin some industries and be …
Persistent link: https://www.econbiz.de/10009360892
innovation. Yet, firms do patent, as indicated by the largenumber of patents that are granted. This paper offers a possible … resolution to this puzzle.It takes a simplified version of a duopoly innovation race, and studies the patenting decisionof an … innovator who has private information about the improvability of her innovation.In this setting, it is shown that a firm may use …
Persistent link: https://www.econbiz.de/10009360921