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- W2199148001 abstract "Intuition suggests that licensing has socially beneficial ex post effects, and that it encourages innovation (ex ante) by increasing the rewards to the patentee. Research joint ventures also appear to have socially, if not privately, beneficial effects upon ex post dissemination, but it is not clear offhand what effect RJVs have on development incentives. Finally, one expects that imitation will have socially favorable ex post effects, but will tend to discourage or retard innovation. This paper indicates how the intuition expressed in the previous paragraph stands up under closer analysis. The factors that appear most important in determining both the pattern of dissemination of innovations, and the social and private effects of such dissemination are discussed. The effects of patent licensing are emphasized, touching upon joint ventures and imitation along the way. The analysis is conducted in the context of an oligopolistic industry. An oligopolistic setting is the natural one on which to focus, as patents, by their very nature, create market power, and as many progressive industries have concentrated market structures. 10 references." @default.
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- W2199148001 date "1985-05-01" @default.
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- W2199148001 title "Patent licensing and R and D rivalry" @default.
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