uncertainty, firms frequently engage in R&D collaborations, e.g., Research Joint Ventures (RJVs), and licensing agreements. While … RJVs are well explored in the literature, very little is known about the use of licensing agreements. Building on a novel … database which includes licensing agreements in the semiconductor industry between 1989 and 1999, we estimate a bivariate …

We investigate whether licensing agreements are an appropriate tool for firms to resolve blocking and hold-up problems … in high-tech industries. We use a novel and comprehensive database on licensing agreements as well as detailed firm … endogenous selection. We find that different types of licensing agreements, i.e., ex ante and ex post licensing agreements, help …

Baumol have suggested that the concept of a 'reasonable' royalty for purposes of RAND licensing must be defined and … outcome of an ex ante auction process where IP owners submit RAND commitments coupled with licensing terms and selection to … the standard is based on both technological merit and licensing terms. In this paper we investigate whether the ex ante …

technology chooses either exports or technology transfer through licensing as its mode of supplying the Southern market, based on … stronger IPR would enhance technology transfer through licensing and reduce the South firm's marginal production cost, thereby …

In a patent thicket licensing provides a mechanism to either avoid or resolve hold up. We study the choice between ex … ante licensing to avoid hold up and ex post licensing to resolve it. Firms' choice of licensing contract is studied in the … context of a patent portfolio race. We show that high expected blocking leads to ex ante licensing while ex post licensing …

possibility of licensing increases both firms' R&D investment is also ambiguous. Licensing with up-front fixed-fee can increase …-post welfare under weak patent protection. However, the results may be different for licensing contract with per-unit output …

technology chooses either exports or technology transfer through licensing as its mode of supplying the Southern market, based on … stronger IPR would enhance technology transfer through licensing and reduce the South firm's marginal production cost, thereby …

stimulates innovation by pushing multinationals to deter entry in high-technology sectors. …