Chasing patents
Date
Authors
Menezes, Flavio
Pitchford, Rohan
Journal Title
Journal ISSN
Volume Title
Publisher
Crawford School of Economics and Government, The Australian National University
Abstract
We examine the problem faced by a company that wishes to purchase patents in the hands of two different patent owners. Complementarity of these patents in the production process of the company is a prime effciency reason for them being owned (or licenced) by the company. We show that this very same complementarity can lead to patent owners behaving strategically in bargaining, and delaying their sale to the company. When the company is highly leveraged, such
ineffcient delay is limited. Comparative statics results are also obtained.
Description
Keywords
Citation
Menezes, F. & Pitchford, R. (2002). Chasing patents. International and Development Economics Paper 02-3 Canberra, ACT: Crawford School of Economics and Government, The Australian National University.
Source
Book Title
Entity type
Access Statement
Open Access
License Rights
DOI
Restricted until
Downloads
File
Description