two firms: the patent holding firm and a non innovative firm. In upstream market, the innovative firm owns an innovation … a different cost-reducing innovation. The key difference between the present model and models in the existing literature … allowing to reduce the input marginal production cost. In downstream market the innovative firm owns an innovation allowing to …

the firms holds a patent allowing to reduce the marginal production cost and decides to license its innovation under a … innovation. Finally, I show that optimal licensing regime for the patent holding firm when innovation is not drastic is fixed fee … and I show that for this licensing regime a Nash equilibrium exists. When innovation is drastic, patent holding firm do …

This paper studies and compares licensing regimes of a cost reducing innovation in a two dimensional square city where … I find that royalties licensing is always better than fixed fee licensing independently of the size of the innovation … shows that optimal licensing strategies for the patent holding firm are the same as in a Hotelling model where royalties are …

Innovation is becoming the most important key issue for company's success in the 21st century. In the competitive … accepted that innovation can be better achieved by working in team particularly in the virtual environments. The employed web … findings. Virtual teams base on information technology are formed to facilitate transnational innovation processes and it …