This paper provides new evidence on the contractual governance of technology licensing agreements. Based upon an international sample of licensing contracts, we explore how the contractual design deals with specific contractual hazards. In particular, we comparatively assess the influences of...

This article provides an empirical assessment of payment schemes implemented in technology licensing agreements. We propose that differences in payment schemes reflect the ex ante measurement costs and the ex post contractual hazards existing in such agreements. We argue that such costs evolve...