Our analysis provides a rationale for the existence of a positive fixed-fee and output royalty in the licensing …-existence of a positive fixed-fee and output royalty in the licensing contract. Our argument is different from the existing reasons … expansion effect gets weaker, it reduces the possibility of a royalty-only contract, thus increasing the possibility of the co …

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 consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to … the royalty rate. We derive conditions for existence of a separating equilibrium, explain why a sufficiently high reserve …