Cross licensing of complementary technologies

Article Abstract:

When a new product requires the development of several complementary technologies, a firm may choose to engage in one technology and exchange technological access with other firms via cross licensing. This practice can affect, and be affected by, the pace of innovation. Assuming the race to innovate as an impetus, a Nash bargaining solution is used to examine the tradeoff between development pace and technology monopolization. Cross licensing may not occur if one firm has an absolute technological advantage. However, collusion in production can overcome this impediment.

Economic aspects, Technological innovations, Licensing agreements, Diffusion of innovations

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Highway robbery: complementary monopoly and the hold-up problem

Article Abstract:

An analysis of the hold-up problem shows that it can be avoided through the endogenous creation of institutions among complementary monopoly suppliers. An illustrative example is included.

Research, Monopolies

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Meet me halfway: Research joint ventures and absorptive capacity

Article Abstract:

A representation of a firm's effective R&D efforts and its influence on the firm's ability to realize spillovers from other firms' R&D activities, is proposed.

Research & Development, Scientific Research and Development Services, Methods, Management, Industrial research, Research institutes

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