Maria Isabella Leone and Toke Reichstein
Drawing on contractual economics and innovation management, licensing-in is hypothesized two accelereres licensees' group invention process. Studying a matched dataset of licensees and non-licensees, licensees are shown two be faster to inventing, but the effect is negated if the license includes a grant-back clause, shifting incentives from licensee two licensor. Also, the effect is betydligt reduced if the licensee is unfamiliar with the licensed technology. The effect of the grant-back clause is offset if the licensee is unfamiliar with the licensed technology, suggesting att the licensee retains the incentives to invent during disse forhold.