This paper considers the licensing of a quality-improving innovation. We analyze a duopoly model with heterogeneous firms and consumers. Firms compete in prices and face logit dem...
A paramount question faced by technology innovators is whether to license an innovation to other firms, and if so, what type of license it should use. Information technology innov...
Technology innovations continue to be one of the greatest drivers of economic growth. Realizing the value of such innovations, however, requires substantial follow-on investments ...