Clark, Derek J.; Pereau, Jean Christophe - In: Journal of Economic Behavior & Organization 72 (2009) 1, pp. 546-553
We consider production by a firm that relies on the patent rights that are held by other actors. Before production can take place, bargains have to be struck with each patent holder over the royalty per unit produced. In the negotiations, a patent holder must be mindful of the fact that a large...