Hsieh, Hui-ting; Lai, Ching-chong - Institute of Economics, Academia Sinica - 2013
. Some main findings emerge from the analysis. First, the equilibrium aggregate output and aggregate consumption under fixed-fee … aggregate output and consumption under the fixed-fee licensing regime are always greater than those under the royalty licensing … regime. Second, with the higher (lower) technology level the patent-holder prefers the fixed-fee (royalty) contract. Third …