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dc.contributor.authorHerbst, Patrick-
dc.contributor.authorJahn, Eric-
dc.description.abstractThis paper argues that firms use 'IP-for-IP' policies such as cross-licensing to strategically restrict transactions in the market for technology. The commitment to limit trade to reciprocal exchange (barter instead of cash transactions) enables firms to alter the allocation of R&D and soften R&D competition. In particular, it induces firms to focus R&D on their area of expertise. The costs of IP-for-IP are foregone gains from trade. Our analysis of the trade-offs involved shows that IP-for-IP is profitable in industries where firms differ in their capabilities to commercialize IP. Patent complementarities and firm asymmetries further strengthen the optimality of IP-for-IP.en_UK
dc.publisherSocial Science Research Network-
dc.relationHerbst P & Jahn E (2011) IP-for-IP or Cash-for-IP? R&D Competition and the Market for Technology. SSRN Working Paper Series. Social Science Research Network.-
dc.relation.ispartofseriesSSRN Working Paper Series-
dc.rightsAuthor retains copyright-
dc.subjectIntellectual Propertyen_UK
dc.subjectR&D competitionen_UK
dc.subjectTechnology Tradeen_UK
dc.titleIP-for-IP or Cash-for-IP? R&D Competition and the Market for Technologyen_UK
dc.typeWorking or Discussion Paperen_UK
dc.type.statusPublisher version-
dc.contributor.affiliationAccounting and Finance-
dc.contributor.affiliationGoethe University Frankfurt-
Appears in Collections:Accounting and Finance Working Papers

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