EMGT 505 Final Exam

EMGT 505 Final Exam - Final Exam: Technology Marketing 505...

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Final Exam: Technology Marketing 505 Ulibarri, Spring, 2007 Due Date: May 8, 2007 9 am. 1. Conventional economic models of the patent-innovation relationship (e.g. Nordhaus, 1969), predict a ‘positive monotonic relationship’ between patent strength and innovation incentives. What are the counter-arguments to this “old-school view?” 2 . Use two “Cash-flow” diagrams to illustrate a “win-win” relationship between a technology patent holder (firm A) and a small firm wishing to innovate a product upon obtaining a license from A. Assume this game relates to problem 3. Firm B Don’t Invest Firm A 2,2 -3,5 Don’t Invest 5,-3 0,0 3. In the absence of an enforceable patent-license process what would be the Nash Solution to this game? Is it cooperative or no-cooperative? Suppose there is a possibility to make patent licensing a reality between A and B. What would be the Nash solution to the game? Is it cooperative or non-cooperative? 4.
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This note was uploaded on 05/05/2008 for the course EMGT 505 taught by Professor Ulibarri during the Spring '07 term at NMT.

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