Free licensing to boost aggregate odds for success

We show how technological leader gains from inviting an entrant into R&D competition to improve over existing patented technology, as the entrant takes complementary R&D effort, and the demand for both current and improved technologies is increasing with aggregate probability for successful quality improvement.

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Year of publication:	2012
Authors:	Sorek, Gilad
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 116.2012, 2, p. 183-185
Publisher:	Elsevier
Subject:	Invited competition \| Technology licensing \| Complementary R&D

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Type of publication:	Article
Classification:	L15 - Information and Product Quality; Standardization and Compatibility ; L24 - Contracting Out; Joint Ventures
Source:	RePEc - Research Papers in Economics

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