Valognes, Fabrice; Ferrer, Hélène; Owen, Guillermo - Centre de Recherche en Économie et Management (CREM) - 2011
We consider a situation in which members of an oligopoly have different technologies, which allow them to produce at different costs. Members may license their technology to other members. Using the Aumann-Drèze modification of the Shapley value, we compute fair prices for these licenses. We...