On the diffusion of competing innovations
type: Item
instance of: scholarly article
title: On the diffusion of competing innovations
zbMATH Open document ID: 1461.91163
author: Bruno D. Badia
author: Yair Tauman
author: Biligbaatar Tumendemberel
published in: Mathematical Social Sciences
publication date: 2021-04-26T00:00:00Z
review text: This paper examines how discounting shapes the probability that a product innovator grants an innovation for licensing to a firm interested in this innovation, when innovations are perfect substitute and firms are competitive. The discounting refers, of course, to the potential profit of the innovator from offering its innovation for licensing. The analysis takes place within the context of game theory. It is found out that more competition in the market for the innovation may induce lower innovation diffusion and lower welfare in the downstream market.
reviewed by: Gerasimos Soldatos
Mathematics Subject Classification ID: 91B38
zbMATH DE Number: 7338100
zbMATH Keywords: patent licensing
zbMATH Keywords: competing innovators
zbMATH Keywords: perfect substitute innovations
zbMATH Keywords: innovation diffusion
zbMATH Keywords: licensing delay
MaRDI profile type: Publication
full work available at URL: j.mathsocsci.2020.08.001
OpenAlex ID: W3082511860
Wikidata QID: Q110649138
cites work: Optimal licensing under incomplete information: the case of the inside patent holder
cites work: Q4369417
cites work: Optimal licensing of cost-reducing innovation
cites work: Patent licensing in a Cournot oligopoly: general results
DOI: 10.1016/J.MATHSOCSCI.2020.08.001
description: scientific article; zbMATH DE number 7338100