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Inspired by some spectrum auctions, we consider a stylized license auction with incumbents and one entrant. Whereas the …
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The present paper reconsiders the inside innovators’ licensing problem under incomplete information. Employing an optimal mechanism design approach, we show that, contrary to what is claimed in the literature, the optimal mechanism may prescribe fixed fees, royalty rates lower than the cost...
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We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to …
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scheme that combines a first-price license auction with royalty contracts for losers. Prior to bidding firms observe …
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