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Profitable Innovation Without Patent Protection: The Case of Derivatives

This paper shows how this becomes an informational first-mover advantage that turns innovators into the market leader.

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Year of publication:	2003
Authors:	Herrera, Helios ; Schroth, Enrique
Publisher:	International Center for Financial Asset Management and Engineering (FAME) <Genf>
Subject:	Asymmetrische Information \| asmmetric informatin \| Finanzinnovation \| Verhandlungstheorie \| Derivat <Wertpapier> \| Investmentbank \| Erfahrungsorientiertes Lernen \| Kontrakttheorie

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1. Introduction
2. Some cases of product innovation in finance
3. The structure of the model
4. The innovator´s learning process
5. The equilibrium
6. Summary

Persistent link: https://www.econbiz.de/10005843438