Abstract
In a duopoly where both firms produce substitutes, we show that under process
innovation, specialization is the equilibrium attained with cross-licensing. Each firm produces only the good for which it has an advantage, and social welfare may improve.
Patent pool extension confirms the results.
Lingua originale | English |
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pagine (da-a) | 201-210 |
Numero di pagine | 10 |
Rivista | INTERNATIONAL JOURNAL OF BUSINESS AND ECONOMICS |
Volume | 5 |
Stato di pubblicazione | Pubblicato - 2007 |
Pubblicato esternamente | Sì |
Keywords
- cournot
- cross licencing