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Exclusive versus non-exclusive licensing strategies and moral hazard

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Exclusive Versus Non-Exclusive Licensing Strategies and Moral Hazard

Schmitz, Patrick W. - 2015

A patentee has invented a new technology. There are two downstream firms that might successfully develop a marketable product based on the new technology. The probability with which a downstream firm is successful in developing the product depends on its effort level. There are situations in...

Persistent link: https://www.econbiz.de/10014222490