The literature on license auctions for process innovations in oligopoly assumed that the auctioneer reveals the winning …

oligopoly. We propose a new mechanism that combines elements of a license auction with royalty licensing by granting the losers … licensing without reducing bidders' surplus; therefore, it is more profitable than both standard license auctions and pure …

Inspired by some spectrum auctions, we consider a stylized license auction with incumbents and one entrant. Whereas the …