Bhattacharya, Sudipto; Guriev, Sergei - C.E.P.R. Discussion Papers - 2004
innovative idea bargains to license her non-verifiable 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 modes lead to partial leakage of the RU’s knowledge from its description, to the licensed DU alone in a closed sale …