Our analysis provides a rationale for the existence of a positive fixed-fee and output royalty in the licensing …-existence of a positive fixed-fee and output royalty in the licensing contract. Our argument is different from the existing reasons …

licensing. However, unlike the case of a cost-free honest outside agency, where information transmission always occurs under a … quantity setting oligopoly, information transmission through licensing does not always occur. …

firms as given, we show that the technologically advanced firm has a stronger incentive for technology licensing under a … decentralized unionization structure than with centralized wage setting. Furthermore, We show that, in presence of licensing, the …

Despite the important insights it has provided, technology licensing literature remains restrictive by not allowing … contrast to the existing works, the consumers are better off under royalty licensing compared to auction (or fixed …-fee licensing) if the number of potential licensees is sufficiently large. It follows from our analysis that a combination of fixed …

We show the effects of product differentiation and competition on technology licensing by an outside innovator. Both … the innovator and the society are better off under royalty licensing compared to auction (or fixed-fee) if the number of … between product differentiation and the minimum number of potential licensees that is required to make royalty licensing …

We show that a monopolist final goods producer may find it profitable to create competition by licensing its technology … if the input market is imperfectly competitive. With a centralized union, we show that licensing by a monopolist is … profitable under both uniform and discriminatory wage settings by the union. However, the incentive for licensing is higher under …

We show the effects of product differentiation and product market competition on technology licensing by an outside … innovator. For a certain range of product differentiation, both the innovator and the society prefer royalty licensing compared … information about the type of product market competition in choosing the type of the licensing contract. …

of our analysis is that a monopolist producer may prefer technology licensing in a homogeneous goods industry. We also …