Selling patent rights and the incentive to innovate

C-Tier
Journal: Economics Letters
Year: 2012
Volume: 114
Issue: 3
Pages: 241-244

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:eee:ecolet:v:114:y:2012:i:3:p:241-244
Journal Field
General
Author Count
2
Added to Database
2026-01-29