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Motivation and Sorting in Open Source Software Innovation

Belenzon, Sharon; Schankerman, Mark - C.E.P.R. Discussion Papers - 2008

innovation. We exploit the observed pattern of contributions - the 'revealed preference' of developers - to infer the underlying …

Persistent link: https://www.econbiz.de/10005789146

The hold-up problem, innovations, and limited liability

Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2012

An inventor can invest research effort to come up with an innovation. Once an innovation is made, a contract is …

Persistent link: https://www.econbiz.de/10011084016

Exclusive versus Non-exclusive Licensing Strategies and Moral Hazard

Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2007

An upstream firm can license its innovation to downstream firms that have to exert further development effort. There …

Persistent link: https://www.econbiz.de/10005497972

Task Scheduling and Moral Hazard

Mylovanov, Tymofiy; Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2007

We study a two-period moral hazard problem with risk-neutral and wealth-constrained agents and three identical tasks. We show that the allocation of tasks over time is important if there is a capacity constraint on the number of tasks that can be performed in one period. We characterize the...

Persistent link: https://www.econbiz.de/10005067477

Competition, Entry, and the Social Returns to Infrastructure in Transition Economies

Aghion, Philippe; Schankerman, Mark - C.E.P.R. Discussion Papers - 1999

This paper presents a simple model for analysing the contribution of investments in physical and institutional infrastructure to the transition process. In addition to the direct cost savings, infrastructure investment generates important indirect effects, or transition impacts. The model shows...

Persistent link: https://www.econbiz.de/10005667044

Trading and Enforcing Patent Rights

Galasso, Alberto; Schankerman, Mark; Serrano, Carlos - C.E.P.R. Discussion Papers - 2011

We study how the market for innovation affects enforcement of patent rights. Conventional wisdom associates the gains … potential gains from trade are more likely to change ownership, suggesting that the market for innovation is efficient. We also …

Persistent link: https://www.econbiz.de/10009322505

Patents and Cumulative Innovation: Causal Evidence from the Courts

Galasso, Alberto; Schankerman, Mark - C.E.P.R. Discussion Papers - 2013

Cumulative innovation is central to economic growth. Do patent rights facilitate or impede such follow-on innovation …. Patent rights appear to block follow-on innovation only in the technology fields of computers, electronics and medical … small innovators, suggesting that patents may impede the ‘democratization’ of innovation. …

Persistent link: https://www.econbiz.de/10011084087

Research Productivity and Patent Quality: Measurement with Multiple Indicators

Lanjouw, Jean O; Schankerman, Mark - C.E.P.R. Discussion Papers - 2002

We analyse the determinants of the decline in measured research productivity (the patent/R&D ratio) using panel data on manufacturing firms in the US for the period 1980-93. We focus on three factors: the level of demand, the quality of patents, and technological exhaustion. We first develop an...

Persistent link: https://www.econbiz.de/10005791451

Allocating Control in Agency Problems with Limited Liability and Sequential Hidden Actions

Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2005

This paper discusses the optimal organization of sequential agency problems with contractible control actions under limited liability. In each of two stages, a risk-neutral agent can choose an unobservable effort level. A success in the first stage makes effort in the second stage more...

Persistent link: https://www.econbiz.de/10005791951

Optimal Allocation of Ownership Rights in Dynamic R&D Alliances

Rosenkranz, Stephanie; Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2001

We explore the dynamic evolution of property rights regimes in R&D alliances using the incomplete contract approach pioneered by Grossman, Hart and Moore (Hart and Moore, Journal of Political Economy (1990), and Grossman and Hart, Journal of Political Economy (1986)). In contrast to the standard...

Persistent link: https://www.econbiz.de/10005067424