Faulí-Oller, Ramón; Sandonís, Joel - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2003
In this paper, we endogenize the decision of a research laboratory that owns a patented process innovation on whether to remain independent as an external patentee or to merge with a manufacturing firm, becoming an internal to the industry patentee. We show that a merger is profitable only for...
