کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5077722 1477302 2017 47 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
A structural model on the impact of prediscovery licensing and research joint ventures on innovation and product market efficiency
ترجمه فارسی عنوان
یک مدل ساختاری در مورد تأیید مجوز پیش بینی و تحقیقات مشترک در مورد نوآوری و کارایی بازار محصول
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
Using a novel database on prediscovery licensing agreements (one type of R&D cooperation) as well as detailed firm-level and semiconductor market-specific information, we estimate the impact of prediscovery licensing agreements (PDLAs) on innovation and product market efficiency. Our results show that PDLAs reduce innovative activity in the semiconductor industry by 10 percent, or 4089 patents, throughout the 1989-1999 period. On the contrary, research joint ventures (a different type of R&D cooperation) increase innovative activity. Based on a structural model, we provide evidence that PDLAs increase production costs and semiconductor prices by 1 percent, which results in customers paying an additional $1.1 billion for semiconductors per year. Beyond the common concern that R&D cooperations facilitate coordination activities in product markets via price fixing, our study highlights that PDLAs can be used as an instrument to coordinate R&D activities, which can reduce innovation activity and increase costs and prices.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Journal of Industrial Organization - Volume 54, September 2017, Pages 89-124
نویسندگان
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