This paper examines how mobile music businesses have been developed in Japan and Korea, two countries that have led the world in creating and developing the mobile music industry. We pay attention to the music copyright institution as a "reverse salient," which we argue has played an important...

A significant part of the patents held by a firm are not used. We show that, given the uncertainty of invention quality at the patent application stage and the sunk cost incurred for obtaining and developing a patent, the patent (internal) utilization rate declines with the (anticipated) size of...

We examine empirically how patent quality in terms of forward citation and science linkage affect the market value of a firm. We find that both indicators affect the market value of a firm significantly even if we extensively control the effects of the other major determinants of the market...

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We examine why cooperation among essential patent holders for a standard may not occur, despite significant gains for patent holders and users of the standard. Utilizing Maskin's (2003) framework, we show that a grand coalition can be implemented only if the number of patent holders (n) is...

本ペーパーは、温州人企業家 163 人（うち国外在住127...