This paper develops an incomplete contract model of the licensing relationship that is susceptible to the moral hazard … problem. The optimal contractual form of licensing derived in the model generates predictions that seem to be consistent with … royalty contracts in the licensing relationship. Moreover, the model is able to relate the size of the royalty rate to the …

This paper develops an incomplete contract model of the licensing relationship that is susceptible to the moral hazard … problem. The optimal contractual form of licensing derived in the model generates predictions that seem to be consistent with … royalty contracts in the licensing relationship. Moreover, the model is able to relate the size of the royalty rate to the …

) measures, we explored to what extent collaborative licensing mechanisms (private ordering measures), such as patent pools and …

existing examples of collaborative licensing models. Those models are examined from a theoretical perspective and tested in a …

We investigate a sample of 180 technology licensing contracts closed by German chemical, pharmaceutical, and electrical … design of licensing contracts, whereas inventor moral hazard and risk aversion of licensor or licensee seem to be irrelevant … licensing contracts. More specifically, profit sharing agreements or producer milestones were typically included into licensing …

We empirically examine the determinants of the price of patent licensing. We find factors affecting the profitability … of patents and bargaining power of licensors and licensees are good predictors of the royalty rate of patent licensing …

consumption by using copyright law or technological restraints. Licensing the software under proprietary license terms makes of it … a private good, licensing it under the BSD does not change the economic nature of the software while licensing it under … depending on her software project’s market potential and on the cost of developing it. The optimal licensing for a sequence of …

We examine the comparative effectiveness of three alternative licensing systems in professional football. The three … effectiveness of the licensing arrangements depends on the credibility of the punitive measures available to the governing body. We …