Competition and Innovation in Markets for Technology

被引：15

作者：

de Bettignies, Jean-Etienne ^{[1
]}

Liu, Hua Fang ^{[2
]}

Robinson, David T. ^{[3
,4
]}

Gainulline, Bulat

机构：

[1] Smith Sch Business, Kingston, ON K7L 3N6, Canada

[2] Kean Univ, Coll Business & Publ Management, Union, NJ 07083 USA

[3] Duke Univ, Fuqua Sch Business, Durham, NC 27708 USA

[4] Natl Bur Econ Res, Cambridge, MA 02138 USA

来源：

MANAGEMENT SCIENCE | 2023年 / 69卷 / 08期

关键词：

competition; licensing; innovation; import tariffs; PRODUCT MARKET; IMPACT; IDEAS; GALE;

D O I：

10.1287/mnsc.2022.4574

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

We examine the impact of product market competition on innovation in markets for technology. An innovator makes an investment in quality-improving innovation that can be licensed to one (targeted licensing) or all (market-wide licensing) product market competitors. Our model points to a U-shaped relationship between competition in licensee product markets and innovation in the market for technology: at low levels of competition, market-wide licensing is optimal, and competition reduces innovation, whereas at high levels of competition, targeted licensing is optimal and competition increases innovation. Our empirical analysis using a large panel of U.S. data provides clear support for these predictions linking competition, innovation, and licensing.

引用

页码：4753 / 4773

页数：21

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