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http://hdl.handle.net/10419/27763
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| Title: | | Inventions under siege? The impact of technology competition on licensing  |
| Authors: | | Grimpe, Christoph Hussinger, Katrin |
| Issue Date: | | 2009 |
| Series/Report no.: | | ZEW Discussion Papers 09-039 |
| Abstract: | | In recent years, firms have increasingly contributed to and been confronted with a patent landscape characterized by numerous but marginal inventions, overlapping claims and patent fences. Literature suggests that both the fragmentation of ownership and the threat of a firm's patent applications being blocked by competitors' patents lead to increased patenting and inlicensing activity. In this paper, we investigate the effect of expected blocking on firms' engagement in in- and out-licensing. Based on a sample of more than 400 German manufacturing firms our results show that firms engage in in- and out-licensing if technology competition increases which is in line with the argument that licensing can mitigate hold-up problems in technology markets. |
| Subjects: | | Licensing blocking patents discrete and complex technologies technology competition |
| JEL: | | L24 O34 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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