Academic Journal
Sequential licensing with several competing technologies
| العنوان: | Sequential licensing with several competing technologies |
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| المؤلفون: | Fauli-Oller, Ramon, González Maestre, Miguel |
| المساهمون: | Universidad de Alicante. Departamento de Fundamentos del Análisis Económico, Microeconomía Aplicada (GIMA) |
| بيانات النشر: | Springer Nature |
| سنة النشر: | 2024 |
| المجموعة: | RUA - Repositorio Institucional de la Universidad de Alicante |
| مصطلحات موضوعية: | Licensing, Sequentiality, Oligopoly, Competition, Technology adoption |
| الوصف: | We assume a multistage oligopoly wherein a given number of innovators compete by selling their substitutive technologies. Each innovator sequentially and independently chooses how many licenses to sell, and subsequently, all licensees compete à la Cournot in the product market. We show that, in equilibrium, the total number of licensees grows exponentially with the number of innovators. In addition, this sequential outcome is also obtained as a subgame perfect Nash equilibrium in pure strategies of a game with endogenous timing. Interestingly, by extending the duopoly model of Badia et al. (Math Soc Sci 108:8–13, 2020) to the case of more than two innovators and exploring pure strategy equilibria instead of mixed strategy equilibria, we derive drastically different policy implications, in terms of patent regulations. Our results suggest that more competition in the upstream market (e.g., by relaxing patent protection against the appearance of similar technologies) tends to increase downstream competition and welfare instead of discouraging or delaying technology adoption. In addition, our analysis is extended to explore the strategic role of public investment in basic R &D. ; Fauli-Oller acknowledges financial support from PID2022-142356NB-I00, funded by MCIN/AEI/10.13039/501100011033/FEDER, UE and from Generalitat Valenciana (Research Project Groups 3/086, Prometeo/2021/073). González-Maestre acknowledges financial support from MCIN/AEI/10.13039/501100011033 under grants RTI2018-095256-B-I00, and PID2022-138311NB-I00, which are jointly financed by the European Union (“ERDF - A Way of Making Europe”). |
| نوع الوثيقة: | article in journal/newspaper |
| اللغة: | English |
| Relation: | https://doi.org/10.1007/s13209-023-00295-x; info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2021-2024/PID2022-142356NB-I00; info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020/RTI2018-095256-B-I00; info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2021-2024/PID2022-138311NB-I00; SERIEs. 2024. https://doi.org/10.1007/s13209-023-00295-x; 1869-4187 (Print); 1869-4195 (Online); http://hdl.handle.net/10045/139903 |
| DOI: | 10.1007/s13209-023-00295-x |
| الاتاحة: | http://hdl.handle.net/10045/139903 https://doi.org/10.1007/s13209-023-00295-x |
| Rights: | © The Author(s) 2024. Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article’s Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article’s Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/. ; info:eu-repo/semantics/openAccess |
| رقم الانضمام: | edsbas.27E29188 |
| قاعدة البيانات: | BASE |
| DOI: | 10.1007/s13209-023-00295-x |
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