Cost-reducing innovation and the role of patent intermediaries in increasing market efficiency

• Main Authors: AGRAWAL, Anupam, BHATTACHARYA, Shantanu, HASIJA, Sameer
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2016
• Subjects: patent intermediary; cost-reducing innovation; degree of innovation; Cournot competition; innovation management; Operations and Supply Chain Management; Technology and Innovation
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/4919; https://ink.library.smu.edu.sg/context/lkcsb_research/article/5918/viewcontent/Agrawal_et_al_2016_Production_and_Operations_Management__1_.pdf
• Institution: Singapore Management University

Patent intermediaries have gained importance as non-practicing entities in the innovation domain, buying innovations from an external provider and then licensing them to practicing firms. In this study, we analyze the competition between two identical incumbent firms and a patent intermediary for th...