Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/89449
Authors: 
Gambardella, Alfonso
Giuri, Paola
Luzzi, Alessandra
Year of Publication: 
2006
Series/Report no.: 
LEM Working Paper Series 2006/04
Abstract: 
By using the PatVal-EU dataset we find that the most important determinant of patent licensing is firm size. Patent breadth, value, protection, and other factors suggested by the literature also have an impact, but not as important. In addition, most of these factors affect the willingness to license, but not whether a license actually takes place. We discuss why this suggests that there are transaction costs in the markets for technology. The issue is important because many potential licenses are not licensed suggesting that the markets for technology can be larger, with implied economic benefits.
Subjects: 
licensing
patent scope
complementary assets
firm size
markets for technology
JEL: 
D45
O32
O34
Document Type: 
Working Paper

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