haku: @journal_id 1464 / yhteensä: 220
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| Tekijä: | Choi, J. P. |
| Otsikko: | A Dynamic Analysis of Licensing: The "Boomerang" Effect and Grant-Back Clauses |
| Lehti: | International Economic Review
2002 : AUG, VOL. 43:3, p. 803-830 |
| Asiasana: | ANALYTICAL REVIEW LICENSING ECONOMICS COMPETITION |
| Kieli: | eng |
| Tiivistelmä: | This article develops an incomplete contract model of the licensing relationship to analyze the dynamic effects of licensing on R&D competition in the innovation market and to examine the rationale for often observed "grant- back" clauses. Of particular concern are how the consideration of future competition distorts the licensing relationship and how the grant-back clause can mitigate this distortion. The authors also evaluate the validity of the casual antitrust argument that grant-back clauses may adversely affect competition because they reduce the licensee's incentive to engage in R&D and thereby limit rivalry in innovation markets. The paper provides a substantial list of references on this subject. |
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