Chasing patents

Detalhes bibliográficos
Autor(a) principal: Menezes, Flavio Marques
Data de Publicação: 2001
Outros Autores: Pitchford, Rohan
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/991
Resumo: We examine the problem faced by a company that wishes to purchase patents in the hands of two di¤erent patent owners. Complementarity of these patents in the production process of the company is a prime e¢ciency reason for them being owned (or licenced) by the company. We show that this very same complementarity can lead to patent owners behaving strategically in bargaining, and delaying their sale to the company. When the company is highly leveraged, such ine¢cient delay is limited. Comparative statics results are also obtained. Relevant applications include assembly of patents for drug treatments from the human genome, and land assembly.
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spelling Menezes, Flavio MarquesPitchford, RohanEscolas::EPGEFGV2008-05-13T15:45:34Z2010-09-23T18:56:56Z2008-05-13T15:45:34Z2010-09-23T18:56:56Z2001-03-010104-8910http://hdl.handle.net/10438/991We examine the problem faced by a company that wishes to purchase patents in the hands of two di¤erent patent owners. Complementarity of these patents in the production process of the company is a prime e¢ciency reason for them being owned (or licenced) by the company. We show that this very same complementarity can lead to patent owners behaving strategically in bargaining, and delaying their sale to the company. When the company is highly leveraged, such ine¢cient delay is limited. Comparative statics results are also obtained. Relevant applications include assembly of patents for drug treatments from the human genome, and land assembly.engFundação Getulio Vargas. Escola de Pós-graduação em EconomiaEnsaios Econômicos;411PatentsComplementarityBargainingEconomiaPatentesChasing patentsinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessTHUMBNAIL1260.pdf.jpg1260.pdf.jpgGenerated Thumbnailimage/jpeg4002https://repositorio.fgv.br/bitstreams/a4e3b278-4d9e-471b-887e-77cabb9e1a77/download9950815df537c32397cf7ff6d047c219MD59TEXT1260.pdf.txt1260.pdf.txtExtracted texttext/plain31663https://repositorio.fgv.br/bitstreams/80d19ac5-f0a5-4ff1-a1e0-bd760e5b24c8/downloadf6c04ba3ffa2797815d83f2d8eff0e40MD58ORIGINAL1260.pdfapplication/pdf208313https://repositorio.fgv.br/bitstreams/89d3cb97-c159-4008-8d2b-04e4b4eba1fe/download3dd9b3fbed06470b0ce3c169333c8b6aMD5310438/9912023-11-09 17:06:36.981open.accessoai:repositorio.fgv.br:10438/991https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-09T17:06:36Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false
dc.title.eng.fl_str_mv Chasing patents
title Chasing patents
spellingShingle Chasing patents
Menezes, Flavio Marques
Patents
Complementarity
Bargaining
Economia
Patentes
title_short Chasing patents
title_full Chasing patents
title_fullStr Chasing patents
title_full_unstemmed Chasing patents
title_sort Chasing patents
author Menezes, Flavio Marques
author_facet Menezes, Flavio Marques
Pitchford, Rohan
author_role author
author2 Pitchford, Rohan
author2_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.author.fl_str_mv Menezes, Flavio Marques
Pitchford, Rohan
dc.subject.por.fl_str_mv Patents
Complementarity
Bargaining
topic Patents
Complementarity
Bargaining
Economia
Patentes
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Patentes
description We examine the problem faced by a company that wishes to purchase patents in the hands of two di¤erent patent owners. Complementarity of these patents in the production process of the company is a prime e¢ciency reason for them being owned (or licenced) by the company. We show that this very same complementarity can lead to patent owners behaving strategically in bargaining, and delaying their sale to the company. When the company is highly leveraged, such ine¢cient delay is limited. Comparative statics results are also obtained. Relevant applications include assembly of patents for drug treatments from the human genome, and land assembly.
publishDate 2001
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2010-09-23T18:56:56Z
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