Deals Not Done: Sources of Failure in the Market for Ideas

Abstract

Using novel survey data on technology licensing, we report the first empirical evidence linking the three main sources of failure emphasized in the market design literature (lack of market thickness, congestion, lack of market safety) to deal outcomes. We disaggregate the licensing process into three stages and find that, although lack of market thickness… (More)

Cite this paper

@inproceedings{Agrawal2015DealsND, title={Deals Not Done: Sources of Failure in the Market for Ideas}, author={Ajay Agrawal and Iain M. Cockburn and LAURINA ZHANG}, year={2015} }