This paper revisits the licensing of a non-drastic process innovation by an outside innovator to a Cournot oligopoly …. We propose a new mechanism that combines a restrictive license auction with royalty licensing. This mechanism is more … profitable than standard license auctions, auctioning royalty contracts, fixed-fee licensing, pure royalty licensing, and two …

We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to …

This paper revisits the standard analysis of licensing a cost reducing innovation by an outside innovator to a Cournot … oligopoly. We propose a new mechanism that combines elements of a license auction with royalty licensing by granting the losers … licensing without reducing bidders' surplus; therefore, it is more profitable than both standard license auctions and pure …

This paper reconsiders the licensing of a common value innovation to a downstream duopoly, assuming a dual licensing …

particular, when the prize function is approximately linear. We use the results to compare patents and prizes as innovation …