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Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/24178
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dc.contributor.authorHerbst, Patricken_UK
dc.contributor.authorJahn, Ericen_UK
dc.date.accessioned2017-08-15T01:01:40Z-
dc.date.available2017-08-15T01:01:40Z-
dc.date.issued2017-08en_UK
dc.identifier.urihttp://hdl.handle.net/1893/24178-
dc.description.abstractWe analyze how firms might benefit from trading restrictions in the market for technology. We show that restricting trade to reciprocal exchange (“IP-for-IP” barter instead of cash transactions), as in cross-licensing agreements, alters the allocation of R&D resources and reduces overinvestment in R&D. The tighter are the trading restrictions, the higher are the costs that are due to forgone gains from trade. Our analysis of the trade-offs involved shows that firms benefit from IP-for-IP restrictions, compared to both free trade and no trade environments, in industries where: (1) firms differ in their capabilities to commercialize IP; and (2) patent complementarities exist.en_UK
dc.language.isoenen_UK
dc.publisherSpringeren_UK
dc.relationHerbst P & Jahn E (2017) IP-for-IP or Cash-for-IP? R&D Competition and the Market for Technology. Review of Industrial Organization, 51 (1), pp. 75-101. https://doi.org/10.1007/s11151-016-9542-zen_UK
dc.rights© The Author(s) 2016 This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.en_UK
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en_UK
dc.subjectIntellectual propertyen_UK
dc.subjectR&D competitionen_UK
dc.subjectIP-for-IPen_UK
dc.subjectCross-licensingen_UK
dc.subjectTechnology tradeen_UK
dc.titleIP-for-IP or Cash-for-IP? R&D Competition and the Market for Technologyen_UK
dc.typeJournal Articleen_UK
dc.identifier.doi10.1007/s11151-016-9542-zen_UK
dc.citation.jtitleReview of Industrial Organizationen_UK
dc.citation.issn1573-7160en_UK
dc.citation.issn0889-938Xen_UK
dc.citation.volume51en_UK
dc.citation.issue1en_UK
dc.citation.spage75en_UK
dc.citation.epage101en_UK
dc.citation.publicationstatusPublisheden_UK
dc.citation.peerreviewedRefereeden_UK
dc.type.statusVoR - Version of Recorden_UK
dc.contributor.funderEuropean Commissionen_UK
dc.author.emailpatrick.herbst@stir.ac.uken_UK
dc.citation.date17/09/2016en_UK
dc.contributor.affiliationAccounting & Financeen_UK
dc.contributor.affiliationGoethe University Frankfurten_UK
dc.identifier.isiWOS:000405619800004en_UK
dc.identifier.scopusid2-s2.0-84988375074en_UK
dc.identifier.wtid550370en_UK
dc.contributor.orcid0000-0003-2916-7456en_UK
dc.date.accepted2016-09-08en_UK
dcterms.dateAccepted2016-09-08en_UK
dc.date.filedepositdate2016-09-09en_UK
rioxxterms.apcpaiden_UK
rioxxterms.typeJournal Article/Reviewen_UK
rioxxterms.versionVoRen_UK
local.rioxx.authorHerbst, Patrick|0000-0003-2916-7456en_UK
local.rioxx.authorJahn, Eric|en_UK
local.rioxx.projectProject ID unknown|European Commission|en_UK
local.rioxx.freetoreaddate2016-09-17en_UK
local.rioxx.licencehttp://www.rioxx.net/licenses/under-embargo-all-rights-reserved||2016-09-17en_UK
local.rioxx.licencehttp://creativecommons.org/licenses/by/4.0/|2016-09-17|en_UK
local.rioxx.filenameHerbstJahn_RevIndOrgan_2017.pdfen_UK
local.rioxx.filecount1en_UK
local.rioxx.source1573-7160en_UK
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