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intellectual property grants a licence ("ex ante"), neither party knows the true value of the traded commodity. A seemingly odd … norm from German copyright law, the so-called "bestseller provision", stipulates that the seller of a licence has a legally …
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In the last decades, technologies became more complex which increased the degree of uncertainty in R&D. To overcome the 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...
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