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Publications
Publications
  • April–May 2005
  • Article
  • Journal of the European Economic Association

Markets for Partially-Contractible Knowledge: Bootstrapping Versus Bundling

By: James J Anton and Dennis A. Yao
  • Format:Print
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Abstract

We discuss how a seller can appropriate rents when selling knowledge that lacks legal property rights by solving either an expropriation or a valuation problem and then analyze how seller rents increase when a portion of the intellectual property (IP) can be protected. The analysis shows that a sequential strategy in which the protected portion of the IP is sold prior to selling the unprotected IP is superior to selling both portions of the IP as a bundle.

Keywords

Knowledge; Markets; Rights; Valuation; Problems And Challenges; Management Analysis, Tools, And Techniques; Intellectual Property; Strategy

Citation

Anton, James J., and Dennis A. Yao. "Markets for Partially-Contractible Knowledge: Bootstrapping Versus Bundling." Journal of the European Economic Association 3, nos. 2-3 (April–May 2005): 745–754. (Harvard users click here for full text.)
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About The Author

Dennis A. Yao

Strategy
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More from the Authors
  • Informing Dissent By: Hillary Greene and Dennis Yao
  • Pushed into a Crowd: Repositioning Costs, Resources, and Competition in the RTE Cereal Industry By: Young Hou and Dennis Yao
  • Government-Funded Research Increasingly Fuels Innovation By: Lee Fleming, Hillary Greene, Guan-Cheng Li, Matt Marx and Dennis Yao
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