Empirical findings state that the disclosure requirement might be a reason for firms to rely on secrecy rather than patents to protect their inventions. We choose a dynamic framework in which we can explicitly analyze the patenting decision reflecting the tradeoff between a positive protective effect and a negative effect due to the required disclosure of the protected invention. In spite of a patent, the inventor's rival may still enter the market with a non-infringing product. Measuring the technological lead of the inventor by a time advantage he has compared with his rival, we show that if his headstart exceeds a critical threshold, he will not patent and rather rely on secrecy.patenting decision, secrecy, disclosure requirement, patent height, vertical product differentiation,
We study research joint ventures (RJV) given that knowledge spillovers depend positively on the technological proximity between firms. Possible scenarios differ in the intensity of collaboration, i.e., the (non)coordination of research activities and the extent of knowledge sharing. The investigation of bilateral RJVs in an oligopolistic market allows to distinguish effects for insider and outsider firms. Our central findings are (i) RJVs do not generally outperform competitive research with respect to innovative output, and social welfare. (ii) Technological proximity and the intensity of cooperation play a decisive role for the private and social favorability of a RJV. (iii) Joint research combined with complete knowledge sharing outperforms less intensive cooperation forms.
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April 2016Abstract This paper analyzes blindfolded versus informed ultimatum bargaining where proposer and responder are both either uninformed or informed about the size of the pie. Analyzing the transition from one information setting to the other suggests that more information induces lower (higher) price offers and acceptance thresholds when the pie is small (large). While our experimental data confirm this transition effect, risk aversion leads to diverging results in blindfolded ultimatum bargaining due to task-independent strategies such as 'equal sharing' or the 'golden mean.'The probability of successful bargaining is lower in case of blindfolded than informed ultimatum bargaining.
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