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来源类型Working Paper
规范类型报告
DOI10.3386/w18203
来源IDWorking Paper 18203
Managing Licensing in a Market for Technology
Ashish Arora; Andrea Fosfuri; Thomas Roende
发表日期2012-07-06
出版年2012
语种英语
摘要Over the last decade, companies have paid greater attention to the management of their intellectual assets. We build a model that helps understand how licensing activity should be organized within large corporations. More specifically, we compare decentralization--where the business unit using the technology makes licensing decisions--to centralized licensing. The business unit has superior information about licensing opportunities but may not have the appropriate incentives because its rewards depend upon product market performance. If licensing is decentralized, the business unit forgoes valuable licensing opportunities since the rewards for licensing are (optimally) weaker than those for product market profits. This distortion is stronger when production-based incentives are more powerful, making centralization more attractive. Growth of technology markets favors centralization and drives higher licensing rates. Our model conforms to the existing evidence that reports heterogeneity across firms in both licensing propensity and organization of licensing.
主题Industrial Organization ; Firm Behavior ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w18203
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/575879
推荐引用方式
GB/T 7714
Ashish Arora,Andrea Fosfuri,Thomas Roende. Managing Licensing in a Market for Technology. 2012.
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