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

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URL:	http://ub-madoc.bib.uni-mannheim.de/1108
URN:	urn:nbn:de:bsz:180-madoc-11086
Document Type:	Working paper
Year of publication:	2005
The title of a journal, publication series:	None
Publication language:	English
Institution:	Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series:	Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject:	330 Economics
Classification:	JEL: L12 O31 O32 ,
Subject headings (SWD):	Deutschland <Bundesrepublik> , Innovation , Amtsträger , Lizenz
Abstract:	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.
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BASE: Czarnitzki, Dirk ; Kraft, Kornelius

Google Scholar: Czarnitzki, Dirk ; Kraft, Kornelius

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