Showing 1 - 10 of 92
We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to …
Persistent link: https://www.econbiz.de/10003935644
This paper reconsiders the licensing of a common value innovation to a downstream duopoly, assuming a dual licensing …
Persistent link: https://www.econbiz.de/10003935649
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 …
Persistent link: https://www.econbiz.de/10010365856
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 … licensing without reducing bidders' surplus; therefore, it is more profitable than both standard license auctions and pure …
Persistent link: https://www.econbiz.de/10010371073
The present paper reconsiders the inside innovators’ licensing problem under incomplete information. Employing an …
Persistent link: https://www.econbiz.de/10011285324
We reconsider the optimal licensing of technology by an incumbent firm in the presence of multiple potential licensees …
Persistent link: https://www.econbiz.de/10012932334
The literature on license auctions for process innovations in oligopoly assumed that the auctioneer reveals the winning bid and stressed that this gives firms an incentive to signal strength through their bids, to the benefit of the innovator. In the present paper we examine whether revealing...
Persistent link: https://www.econbiz.de/10010378352
Inspired by some spectrum auctions, we consider a stylized license auction with incumbents and one entrant. Whereas the entrant values only the bundle of several units (synergy), incumbents are subject to non-increasing demand. The seller proactively encourages entry and restricts incumbent...
Persistent link: https://www.econbiz.de/10009685869
This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland. Apart from general market developments, which could not have been anticipated, we argue that auction design which was introduced in England and adopted in Switzerland and...
Persistent link: https://www.econbiz.de/10009614291
This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland. Apart from general market developments, which could not have been anticipated, we argue that auctiondesign which was introduced in England and adopted in Switzerland and elsewhere...
Persistent link: https://www.econbiz.de/10011399586