We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to … the royalty rate. We derive conditions for existence of a separating equilibrium, explain why a sufficiently high reserve …

This paper reconsiders the licensing of a common value innovation to a downstream duopoly, assuming a dual licensing … scheme that combines a first-price license auction with royalty contracts for losers. Prior to bidding firms observe … high royalty rate. We provide sufficient conditions for existence of monotone bidding strategies and for the profitability …

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 …

We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to … the royalty rate. We derive conditions for existence of a separating equilibrium, explain why a sufficiently high reserve …

This paper reconsiders the licensing of a common value innovation to a downstream duopoly, assuming a dual licensing … scheme that combines a first-price license auction with royalty contracts for losers. Prior to bidding firms observe … high royalty rate. We provide sufficient conditions for existence of monotone bidding strategies and for the profitability …

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 … royalty licensing. We also take into account that the number of licenses must be an integer, which is typically ignored in the …

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 … royalty licensing. We also take into account that the number of licenses must be an integer, which is typically ignored in the …

innovation for less than the full length of the patent and that royalty contracts can be more profitable than fixed-fee licensing … even in the absence of information asymmetry and risk aversion. Moreover, licensing contracts based on royalty have a …We model an innovator's choice of payment scheme and duration as a joint decision in a multi-period licensing game with …