model that helps understand how licensing activity should be organized within large corporations. More specifically, we … compare decentralization—where the business unit using the technology makes licensing decisions—to centralized licensing. The … business unit has superior information about licensing opportunities but may not have the appropriate incentives because its …

leaders combined patents and secrecy to deter entry. Patents were also used to within cartels to organize technology licensing … chemical producers use licensing as an important means of generating revenue from process innovations. The increased importance … of technology licensing is closely related to the emergence of a class of specialized process design and engineering …

property, greater attention to external monitoring of technologies, and organizational changes to support technology licensing …