Gordanier, John; Chun-Hui, Miao - Volkswirtschaftliche Fakultät, … - 2009
We model an innovator's choice of payment scheme and duration as a joint decision in a multi-period licensing game with … innovation for less than the full length of the patent and that royalty contracts can be used to overcome a time …-consistency problem faced by the innovator. Our results suggest that licensing contracts based on royalty have a longer duration than …