This paper studies an independent patent-holder's licensing of a process innovation to a Cournot duopoly characterized by partial cross ownership. We find that royalty licensing is preferred by the patentee when the degree of cross ownership is high, whereas fixed fee licensing is preferred when...

The purpose of this note is to point out that there is a computing error made in the derivation of the t value in Chen (2005). The erratum presents the correct expression of t and the ensuing changes in the results of Chen (2005)