Markets for technology can promote innovation by allowing for division of labor in research and development. Some firms … of competition between potential buyers has countervailing effects on this condition. An empirical analysis of licensing …

, rather than dynamic benefits from greater innovation. I develop a property-rights model of a supply relationship with two …

In a duopoly with symmetric product differentiations, we prove that profit-sharing licensing and per-unit royalty … licensing are equivalent to each other regarding both the profitability and the welfare influences. …

technology sharing are compared: a research joint venture (RJV) and licensing. Under licensing, firms can use the licensing fee … a broad set of cases, licensing yields higher collusive profits to firms and higher prices to consumers. In other cases …, licensing can only be induced through a very high license fee, leading to excessive R&D and lower profits. In these cases, the …

innovator. For a certain range of product differentiation, both the innovator and the society prefer royalty licensing compared …We show the effects of product differentiation and product market competition on technology licensing by an outside … information about the type of product market competition in choosing the type of the licensing contract. …