In the pharmaceutical industry, firms frequently engage in licensing agreements to overcome innovation challenges and … keep up with the pace of developing new drugs. Licensing helps firms jointly develop new drugs and acquire external … knowledge, which helps improve their internal drug development capability. Our study examines the dynamic effects of licensing …

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 …

This paper reconsiders the licensing of a common value innovation to a downstream duopoly, assuming a dual licensing … scheme that combines a first-price license auction with royalty contracts for losers. Prior to bidding firms observe … high royalty rate. We provide sufficient conditions for existence of monotone bidding strategies and for the profitability …

In recent years, firms have increasingly contributed to and been confronted with a patent landscape characterized by … numerous but marginal inventions, overlapping claims and patent fences. Literature suggests that both the fragmentation of … ownership and the threat of a firm's patent applications being blocked by competitors' patents lead to increased patenting and …

In recent years, firms have increasingly contributed to and been confronted with a patent landscape characterized by … numerous but marginal inventions, overlapping claims and patent fences. Literature suggests that both the fragmentation of … ownership and the threat of a firm's patent applications being blocked by competitors' patents lead to increased patenting and …

Federal Circuit (CAFC) affected the duration of patent disputes, and thus the speed of technology diffusion through licensing …We study how fragmentation of patent rights ('patent thickets') and the formation of the Court of Appeal for the …. We develop a model of patent litigation which predicts faster settlement agreements when patent rights are fragmented and …

Patent pools are cooperative agreements between two or more firms to license their related patents as a bundle. In a … leads the first innovators to start the pool immediately after they patent the essential technologies. The firms invest more …

We study a novel database of intellectual property (IP) licensing agreements sourced from filings made by publicly … in observed royalty rates. Licensors with differentiated technology and high market power charge higher royalty rates …, while larger-than-rival licensees pay lower royalty rates. Licensors command premium royalty rates for contractual features …

reduce standardization, impede innovation, and constrain market negotiation of patent license agreements. The article … introduces the concept of the “patent run-around” to describe potential effects of “licensing to all” regulations. The article …The 5G mobile telecommunications standard is focusing increased attention on licensing of Standard Essential Patents …

royalty base in licensing negotiations and disputes. This paper analyzes the welfare implication of the two rules abstracting … explain why most licensing contracts include royalties based on the value of sales …