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royalty base in licensing negotiations and disputes. This paper analyzes the welfare implication of the two rules abstracting … explain why most licensing contracts include royalties based on the value of sales …
Persistent link: https://www.econbiz.de/10013056308
It has been commonly argued that the decision of a large number of inventors to license complementary patents necessary for the development of a product leads to excessively large royalties. This well-known Cournot-complements or royalty-stacking effect would hurt efficiency and downstream...
Persistent link: https://www.econbiz.de/10014124464
At which stage in the production chain should patent licensing takes place? In this paper we show that under realistic … circumstances a patent holder would be better off by licensing downstream. This occurs when the licensing revenue can depend on the …, downstream licensing increases allocative efficiency. However, it might reduce the incentives to invest by the manufacturers and …
Persistent link: https://www.econbiz.de/10013536319
We analyze the optimal licensing contract that a patentee provides for a cost reducing innovation to a set of firms … competing in a downstream market. We study two alternative licensing regimes: (i) a combination of royalties on sales and flat …
Persistent link: https://www.econbiz.de/10014088297
This paper proposes a framework to analyze holdout in patent licensing negotiations. We show that when the validity of …
Persistent link: https://www.econbiz.de/10013307288
Persistent link: https://www.econbiz.de/10011408276
Persistent link: https://www.econbiz.de/10001736788
Persistent link: https://www.econbiz.de/10001974885
Under the legal doctrine of first sale, or patent exhaustion, a patent holder's ability to license multiple parties along a production chain is restricted. How and when such restrictions should be applied is a controversial issue, as evidenced by the Supreme Court's granting certiorari in the...
Persistent link: https://www.econbiz.de/10013009260
This paper investigates patent licensing in vertically disaggregated industries, where patent holders may license to … also analyse whether a policy that restricts licensing to upstream manufacturers constitutes appropriate public policy …
Persistent link: https://www.econbiz.de/10013023087