innovation for less than the full length of the patent and that royalty contracts can be used to overcome a time …-consistency problem faced by the innovator. Our results suggest that licensing contracts based on royalty have a longer duration than …We model an innovator's choice of payment scheme and duration as a joint decision in a multi-period licensing game with …

We analyze the strategic protection decision of an innovator between a patent and secrecy in a setting with … the disclosure requirement linked to a patent application as well as the problem of legally inventing around a patent can … competitors. -- patenting decision ; secrecy ; disclosure requirement ; patent breadth ; horizontal product differentiation …

We study the licensing incentives of an independent input producer owning a patented product innovation which allows …

We show that the common wisdom suggesting higher investment in innovation under a stronger patent protection may not be … slope of the marginal cost of undertaking innovation is moderate, investment in innovation is maximised at a patent … innovation. We also show that welfare is maximised neither at the strongest patent protection nor at the weakest patent …

Courts require royalty rate calculations based on rigorous economic foundations. The licensing literature provides … evaluating licensing royalty appraisals. Not being distracted with the question of how to combine the input values when … limited guidance for royalty rate determination, leaving appraisal report readers wanting a more tangible and objective lens …

pollution tax to maximize domestic welfare. We consider the potential implementation of three innovation agreements: cooperative … research joint venture (RJV), non-cooperative RJV, and licensing. In the cooperative (non-cooperative) RJV, the firms (do not …) internalize R&D spillovers. We show that, for the domestic firm, the cooperative RJV dominates, and licensing is the least …

domestic welfare. We consider the potential implementation of three innovation agreements: cooperative research joint venture … (RJV), non-cooperative RJV and licensing. In the cooperative (non-cooperative) RJV, the firms (do not) internalize R …&D spillovers. We show that, for the domestic firm, the cooperative RJV dominates and licensing is the least desirable alternative …

In the literature of patent licensing, most of the studies are done where new technology is transferred from a cost … situation of patent licensing where the technology transfer takes place from an innovative firm, which is relatively inefficient … in terms of cost of production to its cost-efficient rival. We look for optimal licensing arrangements in this …

entry. The patent holder can license its technology to another incumbent firm via a low royalty. This licensing strategy …We study how an incumbent patent holder can use its licensing policy strategically to reduce the threat of further … the innovation) are high. Our analysis yields new policy implications with respect to strategic licensing …

We consider licensing of non-drastic innovations by a patent holder who interacts with a potential licensee in a … licensing, we show that per unit licensing is more profitable if the licensor is more efficient in using the innovation, whereas …. Assuming that antitrust authorities apply the same principle to review ad valorem licensing which they apply to per unit …