corso 2005-06 - Dipartimento di Economia Politica
corso 2005-06 - Dipartimento di Economia Politica
corso 2005-06 - Dipartimento di Economia Politica
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yes<br />
payoffs with license:<br />
( ! Tx+? ! Ty)-c1 , ? ! Ty-c2<br />
or<br />
( ! Tx+? ! Ty)-c1-? c2 , (? )( ! T y- c2)<br />
( ! Tx+? ! Ty)-c1 , ( ? ! Ty)-c2<br />
Ex Ante<br />
License?<br />
Ex Post<br />
License?<br />
yes<br />
no<br />
Firm 2:<br />
Invest?<br />
yes no<br />
no<br />
! Tx-c1 , -c2<br />
Scotchmer, 2004<br />
! Tx-c1 ,0