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Endogenous network formation in patent contests and its role as a barrier to entry

Onglets principaux

Marinucci, Marco [UCL] Vergote, Wouter [FUSL]

In a setting of R&D competition, we study how collaboration affects strategic decisions during a patent contest, and how the latter influences the collaboration network structures the firms can form. We use an all pay auction approach to endogenize both network formation and R&D intensities, and to take heterogeneous and private valuations for patents into account. We find that the complete network is not always the only pairwise stable one. The other stable networks have the realistic property that some firms drop out of the contest. Thus, 'weak' cooperation can serve as a barrier to entry on the market for innovation.

Type de document Article de périodique (Journal article) – Article de recherche
Type d'accès Accès interdit
Année de publication 2011
Langue Anglais
Information sur le périodique "The Journal of Industrial Economics" - Vol. LIX, no. 4, p. 529-551 (2011)
Peer reviewed oui
Editeur Wiley-Blackwell Publishing Ltd. ((United Kingdom) Oxford)
issn 0022-1821
e-issn 1467-6451
Statut de la publication Publié
Affiliations UCL - SSH/LIDAM/CORE - Center for operations research and econometrics
USL-B - Faculté de sciences économiques, sociales et politiques
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Référence bibliographique Marinucci, Marco ; Vergote, Wouter. Endogenous network formation in patent contests and its role as a barrier to entry. In: The Journal of Industrial Economics, Vol. LIX, no. 4, p. 529-551 (2011)
Permalien http://hdl.handle.net/2078.1/108772