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 …We model an innovator's choice of payment scheme and duration as a joint decision in a multi-period licensing game with …

We show that both the outside and inside innovators license a new product (or drastic process innovation) to all … of our analysis is that a monopolist producer may prefer technology licensing in a homogeneous goods industry. We also … show that an inside innovator’s incentive for innovation may be higher than that of an outside innovator. Copyright …

This paper revisits the standard analysis of licensing a cost reducing innovation by an outside innovator to a Cournot … oligopoly. We propose a new mechanism that combines elements of a license auction with royalty licensing by granting the losers … royalty licensing. We also take into account that the number of licenses must be an integer, which is typically ignored in the …

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 …

innovation for less than the full length of the patent and that royalty contracts can be more profitable than fixed-fee licensing … even in the absence of information asymmetry and risk aversion. Moreover, licensing contracts based on royalty have a …We model an innovator's choice of payment scheme and duration as a joint decision in a multi-period licensing game with …

We consider a licensing mechanism for process innovations that awards a limited number of unrestricted licenses to … those firms that report the highest cost reductions, combined with royalty licenses to others. Firmsʼ messages are dual … firms, while losersʼ messages influence the royalty rate set by the innovator. We explain why a sufficiently high threshold …

contract consists of fixed-fee and output royalty. We show that the firms always have the incentive for brand name … collaboration. However, whether the optimal contract will have positive fixed-fee and positive royalty is not immediate and it …

licensing by means of a fixed fee and by means of a royalty when the innovator is a public firm. In contrast to a private …This paper investigates optimal licensing in a mixed oligopoly with a foreign firm. It is the first to compare … oligopoly, we show that license via a fixed fee is superior to license via a royalty for the innovator. …