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We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to …
Persistent link: https://www.econbiz.de/10003935644
scheme that combines a first-price license auction with royalty contracts for losers. Prior to bidding firms observe …
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Inspired by some spectrum auctions, we consider a stylized license auction with incumbents and one entrant. Whereas the …
Persistent link: https://www.econbiz.de/10009685869
license their innovations and to pool their R&D investments. We show that in equilibrium R&D joint ventures are formed and …
Persistent link: https://www.econbiz.de/10010371077
they license ex ante or ex post. We develop a model of a patent portfolio race, which allows for endogenous R&D efforts, to …
Persistent link: https://www.econbiz.de/10010365900
This paper uses the License of Right (LOR) provision implemented in Section 23 of the German Patent Act to answer the … the welfare implications of having a License of Right system? Section 23 of the German Patent Act grants a patentee a 50 …. Nevertheless, for a small fraction of patents a commitment to license non-exclusively may even increase the returns from patent …
Persistent link: https://www.econbiz.de/10010343808
Many high technology goods are based on standards that require access to several patents that are owned by different IP holders. We investigate the royalties chosen by IP holders under different market structures. Vertical integration of an IP holder and a downstream producer solves the double...
Persistent link: https://www.econbiz.de/10010343929
&D investments and license innovations. In equilibrium R&D joint ventures are formed and licensing occurs in a way that eliminates …
Persistent link: https://www.econbiz.de/10010343942
In a patent thicket licensing provides a mechanism to either avoid or resolve hold-up. Firms' R&D incentives will differ depending on how licensing is used. In this paper we study the choice between ex ante licensing to avoid hold-up and ex post licensing to resolve it. Building on a theoretical...
Persistent link: https://www.econbiz.de/10010343952