LICENSING BY OUTSIDE INNOVATOR IN HOTELLING MODEL REVISITED

Autor:	Fulan Wu, Yuanzhu Lu
Rok vydání:	2021
Předmět:	Economics and Econometrics 050208 finance Innovator 0502 economics and business 05 social sciences Economics 050207 economics Welfare analysis Patent licensing Law and economics
Zdroj:	The Singapore Economic Review. :2150041
ISSN:	1793-6837 0217-5908
DOI:	10.1142/s0217590821500417
Popis:	This paper extends Banerjee and Poddar [Banerjee, S and S Poddar (2019). ‘To sell or not to sell’: Licensing versus selling by an outside innovator. Economic Modelling, 76, 293–304] by lifting the cap on per unit royalty rates in the cases of royalty licensing and two-part tariff licensing. We reconsider the optimal technology licensing contract by an outside innovator facing two heterogeneous licensees in a standard Hotelling framework. Our findings show that the optimal licensing policy could be fixed fee to the efficient firm, or two-part tariff to both firms (pure royalty to both firms), or two-part tariff to the efficient firm, depending upon the cost differentials between the firms and the size of innovation.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::9f02764220fa15b3aa8b7f0907f87be7 https://doi.org/10.1142/s0217590821500417 Zobrazit plný text záznamu