|
| |
| X. Henry Wang and Judy Hsu |
| |
| ''On the Licensing of Innovations under Strategic Delegation'' |
| ( 2004, Vol. 12 No.6 ) |
| |
| |
| This note uses a three-stage delegation-licensing-quantity game to study the licensing of a cost-reducing innovation by a patent-holding firm to its competitor. It is shown that licensing is less likely to occur under strategic delegation compared to no delegation. |
| |
| |
| Keywords: licensing strategic delegation |
JEL: L1 - Market Structure, Firm Strategy, and Market Performance: General
L2 - Firm Objectives, Organization, and Behavior: General |
| |
| Manuscript Received : Jun 03 2004 | | Manuscript Accepted : Sep 05 2004 |
|
