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*This page is referenced in the [[Patent Thicket Literature Review]]
*This page is listed on the [[PTLR Core Papers]] page
==Reference==
*Siebert, R. and Von Graevenitz, G. (2010), "Jostling for advantage or not: Choosing between patent portfolio races and ex ante licensing", Journal of economic behavior & organization, Vol.73, No.2, pp.225--245
@article{siebert2010jostling,
title={Jostling for advantage or not: Choosing between patent portfolio races and ex ante licensing},
author={Siebert, R. and Von Graevenitz, G.},
journal={Journal of economic behavior \& organization},
volume={73},
number={2},
pages={225--245},
year={2010},
abstract={Licensing can be a solution for hold-up in patent thickets. In this paper we study whether licensing is an effective solution for hold-up. To do this we distinguish between ex ante and ex post licensing. A theoretical model shows that firms expectations of blocking in a patent thicket determine whether they license ex ante while ex post licensing arises if expected blocking was low but realized blocking turns out to be high. It can also be shown that ex ante licensing will allow firms to reduce their patenting efforts. A sample selection model of licensing is derived from the theoretical model. Applying this to data from the semiconductor industry we show that licensing does help firms to resolve blocking. However, the probability of observing licensing decreases as fragmentation of property rights increases and arises mainly between large firms with similar market shares. Licensing experience is also an important determinant of licensing. As expected ex ante licensing allows firms to reduce the level of patenting.},
discipline={Econ},
research_type={Theory, Empirical},
industry={},
thicket_stance={},
thicket_stance_extract={},
thicket_def={},
thicket_def_extract={},
tags={},
filename={Siebert VonGraevenitz (2010) - Jostling For Advantage Or Not.pdf}
}
==File(s)==
*[[Media:Siebert VonGraevenitz (2010) - Jostling For Advantage Or Not.pdf|Download the PDF]]
*[[:Image:Siebert VonGraevenitz (2010) - Jostling For Advantage Or Not.pdf|Repository record]]
==Abstract==
Licensing can be a solution for hold-up in patent thickets. In this paper we study whether licensing is an effective solution for hold-up. To do this we distinguish between ex ante and ex post licensing. A theoretical model shows that firms expectations of blocking in a patent thicket determine whether they license ex ante while ex post licensing arises if expected blocking was low but realized blocking turns out to be high. It can also be shown that ex ante licensing will allow firms to reduce their patenting efforts. A sample selection model of licensing is derived from the theoretical model. Applying this to data from the semiconductor industry we show that licensing does help firms to resolve blocking. However, the probability of observing licensing decreases as fragmentation of property rights increases and arises mainly between large firms with similar market shares. Licensing experience is also an important determinant of licensing. As expected ex ante licensing allows firms to reduce the level of patenting.
Siebert VonGraevenitz (2010) - Jostling For Advantage Or Not (view source)
Revision as of 16:33, 18 March 2013
, 16:33, 18 March 2013no edit summary
*This page is referenced in the [[Patent Thicket Literature Review]]
*This page is listed on the [[PTLR Core Papers]] page
==Reference==
*Siebert, R. and Von Graevenitz, G. (2010), "Jostling for advantage or not: Choosing between patent portfolio races and ex ante licensing", Journal of economic behavior & organization, Vol.73, No.2, pp.225--245
@article{siebert2010jostling,
title={Jostling for advantage or not: Choosing between patent portfolio races and ex ante licensing},
author={Siebert, R. and Von Graevenitz, G.},
journal={Journal of economic behavior \& organization},
volume={73},
number={2},
pages={225--245},
year={2010},
abstract={Licensing can be a solution for hold-up in patent thickets. In this paper we study whether licensing is an effective solution for hold-up. To do this we distinguish between ex ante and ex post licensing. A theoretical model shows that firms expectations of blocking in a patent thicket determine whether they license ex ante while ex post licensing arises if expected blocking was low but realized blocking turns out to be high. It can also be shown that ex ante licensing will allow firms to reduce their patenting efforts. A sample selection model of licensing is derived from the theoretical model. Applying this to data from the semiconductor industry we show that licensing does help firms to resolve blocking. However, the probability of observing licensing decreases as fragmentation of property rights increases and arises mainly between large firms with similar market shares. Licensing experience is also an important determinant of licensing. As expected ex ante licensing allows firms to reduce the level of patenting.},
discipline={Econ},
research_type={Theory, Empirical},
industry={},
thicket_stance={},
thicket_stance_extract={},
thicket_def={},
thicket_def_extract={},
tags={},
filename={Siebert VonGraevenitz (2010) - Jostling For Advantage Or Not.pdf}
}
==File(s)==
*[[Media:Siebert VonGraevenitz (2010) - Jostling For Advantage Or Not.pdf|Download the PDF]]
*[[:Image:Siebert VonGraevenitz (2010) - Jostling For Advantage Or Not.pdf|Repository record]]
==Abstract==
Licensing can be a solution for hold-up in patent thickets. In this paper we study whether licensing is an effective solution for hold-up. To do this we distinguish between ex ante and ex post licensing. A theoretical model shows that firms expectations of blocking in a patent thicket determine whether they license ex ante while ex post licensing arises if expected blocking was low but realized blocking turns out to be high. It can also be shown that ex ante licensing will allow firms to reduce their patenting efforts. A sample selection model of licensing is derived from the theoretical model. Applying this to data from the semiconductor industry we show that licensing does help firms to resolve blocking. However, the probability of observing licensing decreases as fragmentation of property rights increases and arises mainly between large firms with similar market shares. Licensing experience is also an important determinant of licensing. As expected ex ante licensing allows firms to reduce the level of patenting.
