We show that, for licensing by an outside innovator in a Cournot oligopoly, royalty licensing can generate higher … payoff to the innovator than the fixed-fee licensing and auction if the labor market is unionized. This result holds …

Our analysis provides a rationale for the existence of a positive fixed-fee and output royalty in the licensing …-existence of a positive fixed-fee and output royalty in the licensing contract. Our argument is different from the existing reasons … expansion effect gets weaker, it reduces the possibility of a royalty-only contract, thus increasing the possibility of the co …

Microeconomics literature, in general. We show that an “outside innovator” and the society may prefer royalty licensing compared to … that a combination of royalty and fixedfee can dominate both auction (of fixed-fee licensing) and royalty only licensing. …The technology licensing literature has completely dominated by the assumption of constant returns to scale technology …

We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to … the royalty rate. We derive conditions for existence of a separating equilibrium, explain why a sufficiently high reserve …

This paper reconsiders the licensing of a common value innovation to a downstream duopoly, assuming a dual licensing … scheme that combines a first-price license auction with royalty contracts for losers. Prior to bidding firms observe … high royalty rate. We provide sufficient conditions for existence of monotone bidding strategies and for the profitability …

This paper revisits the licensing of a non-drastic process innovation by an outside innovator to a Cournot oligopoly …. We propose a new mechanism that combines a restrictive license auction with royalty licensing. This mechanism is more … profitable than standard license auctions, auctioning royalty contracts, fixed-fee licensing, pure royalty licensing, and two …

We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to … the royalty rate. We derive conditions for existence of a separating equilibrium, explain why a sufficiently high reserve …

This paper reconsiders the licensing of a common value innovation to a downstream duopoly, assuming a dual licensing … scheme that combines a first-price license auction with royalty contracts for losers. Prior to bidding firms observe … high royalty rate. We provide sufficient conditions for existence of monotone bidding strategies and for the profitability …