This paper provides new evidence on the contractual governance of technology licensing agreements. Based upon an … international sample of licensing contracts, we explore how the contractual design deals with specific contractual hazards. In … considerations on licensing design. Empirical results highlight that contractual clauses of governance are crafted independently of …

We investigate a sample of 180 technology licensing contracts closed by German chemical, pharmaceutical, and electrical … design of licensing contracts, whereas inventor moral hazard and risk aversion of licensor or licensee seem to be irrelevant … licensing contracts. More specifically, profit sharing agreements or producer milestones were typically included into licensing …

Licensing promotes technology transfer and innovation, but enforcement of licensing contracts is often imperfect. We … weak enforcement on the design of licensing contracts, the conduct of firms and market performance. An upstream firm …

We investigate a sample of 180 technology licensing contracts closed by German chemical, pharmaceutical, and electrical … engineering companies between 1880 and 1913. A regression analysis shows that licensing contracts closed before a patent was …-sharing clause. This supports Jensen and Thursby's (2001) model, who propose equity-sharing licensing contracts to solve moral hazard …

We investigate a sample of 180 technology licensing contracts closed by German chemical, pharmaceutical, and electrical … design of licensing contracts, whereas inventor moral hazard and risk aversion of licensor or licensee seem to be irrelevant … licensing contracts. More specifically, profit sharing agreements or producer milestones were typically included into licensing …

This paper develops an incomplete contract model of the licensing relationship that is susceptible to the moral hazard … problem. The optimal contractual form of licensing derived in the model generates predictions that seem to be consistent with … royalty contracts in the licensing relationship. Moreover, the model is able to relate the size of the royalty rate to the …

We investigate a sample of 180 technology licensing contracts closed by German chemical, pharmaceutical, and electrical … engineering companies between 1880 and 1913. A regression analysis shows that licensing contracts closed before a patent was …-sharing clause. This supports Jensen and Thursby's (2001) model, who propose equity-sharing licensing contracts to solve moral hazard …