Patents as collateral

Amable, Bruno; Chatelain, Jean–Bernard; Ralf, Kirsten

doi:10.1016/j.jedc.2010.03.004

Cited by 64 publications

(16 citation statements)

References 35 publications

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“…In the endogenous growth literature, the transversality conditions are inconsistent with growth miracles. For growth miracles, the growth of output consistently exceeds the real rate of interest for several decades as was the case for Japan between 1960and 1990or China between 1990(Amable, Chatelain, Ralf, 2010.…”

Section: Ricardian Equivalencementioning

confidence: 97%

“…The households maximising utility prefers infinite utility with respect to bounded utility. For this reason, it does not matter to keep non-zero positive wealth in the infinity limit (see an example in Amable, Chatelain, Ralf (2010)…”

Section: Ricardian Equivalencementioning

confidence: 99%

“…).3. The agents (households, firms, government) may not have free unlimited access to the capital market at all finite future dates, which is another key to the puzzle put forward in Heijdra and Van der Ploeg quote Amable, Chatelain and Ralf (2010). for private debt andChatelain and Ralf (2012a) for public debt propose alternative solvency "collateral" constraints on all future finite dates set by imperfect capital market in Ramsey models of infinitely living agents with discounting.…”

mentioning

confidence: 99%

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Government Solvency, Austerity and Fiscal Consolidation in the OECD: A Keynesian Appraisal of Transversality and No Ponzi Game Conditions

et al. 2013

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Abstract:This paper investigates the relevance of the No-Ponzi game condition for public debt (i.e. the public debt growth rate has to be lower than the real interest rate, a necessary assumption for Ricardian equivalence) and of the transversality condition for the GDP growth rate (i.e. the GDP growth rate has to be lower than the real interest rate). First, on the unbalanced panel of 21 countries from 1961 to 2010 available in OECD database, those two conditions were simultaneously validated only for 29% of the cases under examination. Second, those two conditions were more frequent in the 1980s and the 1990s when monetary policies were more restrictive. Third, in tune with the Keynesian view, when the real interest rate is higher than the GDP growth, it corresponds to 75% of the cases of the increases of the debt/GDP ratio but to only 43% of the cases of the decreases of the debt/GDP ratio (fiscal consolidations).

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Section: Ricardian Equivalencementioning

confidence: 97%

Section: Ricardian Equivalencementioning

confidence: 99%

mentioning

confidence: 99%

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Government Solvency, Austerity and Fiscal Consolidation in the OECD: A Keynesian Appraisal of Transversality and No Ponzi Game Conditions

et al. 2013

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“…Dans le même ordre d'idées, et de manière plus générale, on peut noter que les brevets sont dorénavant employés dans diverses négociations financières. Par exemple, les brevets sont de plus en plus employés en tant que garantie dans l'obtention d'un prêt (Amable, Chatelain, & Ralf, 2010). De manière similaire, les brevets sont de plus en plus utilisés afin de réduire les impôts sur les sociétés, de nombreuses mesures fiscales incitatives en matière de R&D appelées boites à brevets (patent boxes) ayant été prises dans différents pays afin de réduire le taux d'imposition sur les revenus issus des brevets (Atkinson & Andes, 2011).…”

Section: La Stratégie De Négociationunclassified

Les usages du brevet : vers une définition du brevet comme mécanisme de gouvernance des activités d’innovation des organisations

Mandard¹

2018

Innovations

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L'objectif de cet article est de proposer un cadre analytique qui répertorie les usages du brevet. Pour ce faire, nous proposons de remettre en question la définition traditionnelle du brevet comme mécanisme de protection des innovations pour le définir plus largement comme un mécanisme de gouvernance des activités d'innovation des organisations, et ce au niveau intra-comme inter-organisationnel. Nous montrons ainsi que le brevet a quatre principaux usages -indicateur d'activité, outil de motivation, vecteur de réputation et mécanisme de protection -dont nous présentons les modalités de mise en oeuvre ainsi que les limites. Nous discutons finalement les implications scientifiques et managériales de ce cadre d'analyse.

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“…Taken everything together, the increasing number of patented technologies, in combination with rising difficulty of financing the search for innovation, necessitates novel outside sources for funding. The issue of difficult financing of follow-on investments for start-up firms arises in any other countries (Gompers and Lerner 1999 [6] , Hall 2002 [7] , Amable et al 2010 [8] ). After an initial public offering, many innovative firms still can't afford to the follow-on investments necessary to market their research results and must turn to external sources for financing.…”

Section: Introductionmentioning

confidence: 99%

Optimal patent licensing strategy in patent litigation

Xue

2012

2012 International Conference on Management Science &Amp; Engineering 19th Annual Conference Proceedings

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Technology innovators often face an essential, yet troublesome, question: What should they do when they might be unable to market their research results due to financial constraints, while there is still substantial uncertainty around the market demand? And the presence of patent litigation is estimated to have a crucial impact on the licensing scheme, and at the same time changes an innovator' financing decision. We find that in the shadow of patent litigation, optimal ex-post licensing contracts are more likely to use ad valorem royalty when the potential market size is relatively small, whereas relatively large market size favors per-unit royalty. We also explore how ex-ante licensing contract can both dissuade potential licensees from challenging the patent's validity and alleviate the financing problem when firms have financial constraint.

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Patents as collateral

Cited by 64 publications

References 35 publications

Government Solvency, Austerity and Fiscal Consolidation in the OECD: A Keynesian Appraisal of Transversality and No Ponzi Game Conditions

Government Solvency, Austerity and Fiscal Consolidation in the OECD: A Keynesian Appraisal of Transversality and No Ponzi Game Conditions

Les usages du brevet : vers une définition du brevet comme mécanisme de gouvernance des activités d’innovation des organisations

Optimal patent licensing strategy in patent litigation

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