innovation for less than the full length of the patent and that royalty contracts can be used to overcome a time …We model an innovator's choice of payment scheme and duration as a joint decision in a multi-period licensing game with …-consistency problem faced by the innovator. Our results suggest that licensing contracts based on royalty have a longer duration than …

: as patents that infringe on prior art, as licensing through an optimally designed ever-growing patent pool, and as … more than one innovator is promised a share of profits from a given innovation. We interpret such allocations in three ways …

Licensing can be a solution for hold-up in patent thickets. In this paper we study whether licensing is an effective …’ expectations of blocking in a patent thicket determine whether they license ex ante while ex post licensing arises if expected … solution for hold-up. To do this we distinguish between ex ante and ex post licensing. A theoretical model shows that firms …

The prize system for innovation has been criticized as impractical due to the lack of a workable formula or algorithm … can function to duplicate Pareto optimality. Under this system, any bountiable innovation is placed in the public domain …, and the prize of innovation is dynamically amortized in an infinitely time domain as periodic bounties paid to holders of …

The prize system for innovation has been criticized as impractical due to the lack of any workable formula or algorithm … can function to duplicate Pareto optimality. Under this system, any bountiable innovation is placed in the public domain …, and the prize of innovation is dynamically amortized in an infinite time domain as periodic bounties paid to holders of …

over the 1993-2003 period, firms with overconfident CEOs have greater return volatility, invest more in innovation, obtain … more patents and patent citations, and achieve greater innovative success for given research and development (R …&D) expenditure. Overconfident managers only achieve greater innovation than non-overconfident managers in innovative industries …

homogeneous good. One of the firms (patent holder) develops a cost reduction innovation (drastic or non-drastic) and got a patent … for this innovation. Under the shadow of probabilistic property rights, It is founded that licensing by using royalty rate …In this paper a game is used to compare the licensing of a cost reduction innovations under lost profits (LP) and …

patent publications related to the innovation. Our estimate of the lower bound on the market valuation of iPhone is fairly … the publication of patent documents concerning iPhone can be observed. The evidence suggests that the value of iPhone …

the number of objections as well as the number of citations. We construct the database of patent stock, citation …-weighted patent stock and objection-weighted patent stock. Our analysis is pioneering work involving Japanese data, as we were unable … to find any pre-existing Japanese data that considered both truncation problems and quality of the patent. Our study …