Resource title

License Expenditures of Incumbents and Potential Entrants: An Empirical Analysis of Firm Behavior

Resource image

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Resource description

This paper presents the results of an empirical test concerning the auction model of Gilbert and Newbery (1982). The study uses data on German companies in order to analyze expenditures for technology licenses. Aside of standard control variables the motives for innovation expenditures are also taken into account. We differentiate between firms which intend to secure their present position in the market (incumbents) and those intending to enter a new market (challengers). In line with the prediction of the auction model, it turns out that incumbents show higher expenditures for technology licenses than potential entrants.

Resource author

Dirk Czarnitzki, Kornelius Kraft

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/24125

Resource license

Adapt according to the presented license agreement and reference the original author.