Bhattacharya, Sudipto; Guriev, Sergei - Suntory and Toyota International Centres for Economics … - 2004
innovative idea bargains to license her nonverifiable interim knowledge exclusively to one of two competing Development Units … (DUs) via one of two alternative modes: an Open sale after patenting this interim knowledge, or a Closed sale in which …. Both models lead to partial leakage of RU's knowledge from it's description, to the licensed DU alone in a closed sale, and …