Fosfuri, Andrea; Roca, Esther - In: International Journal of Business and Economics 3 (2004) 1, pp. 13-19
Licensing a cost-reducing innovation through a royalty has been shown to be superior to licensing by means of a fixed fee for an incumbent licensor. This note shows that this result relies crucially on the assumption that the incumbent licensor can sell its cost-reducing inno-vation to all...
