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Auctioning process innovations when losers' bids determine royalty rates

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2010

We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to …

Persistent link: https://www.econbiz.de/10003935644

Licensing a common value innovation when signaling strength may backfire

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2010

scheme that combines a first-price license auction with royalty contracts for losers. Prior to bidding firms observe …

Persistent link: https://www.econbiz.de/10003935649

Research joint ventures, optimal licensing, and the R&D subsidy policy

Fan, Cuihong; Wolfstetter, Elmar - In: The B.E. journal of theoretical economics 8 (2008) 1, pp. 1-17

Persistent link: https://www.econbiz.de/10009522051

Licensing innovations : the case of the inside patent holder

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2015

The present paper reconsiders the inside innovators’ licensing problem under incomplete information. Employing an optimal mechanism design approach, we show that, contrary to what is claimed in the literature, the optimal mechanism may prescribe fixed fees, royalty rates lower than the cost...

Persistent link: https://www.econbiz.de/10011285324