CABALLERO-SANZ, Francisco; MONER-COLONQUES, Rafael; … - In: Annales d'Economie et de Statistique (2002) 66, pp. 257-279
We analyze a multi-stage non-cooperative game involving an outside patent-holder, who seeks to licence a process innovation, and two price-setting firms located on a circumference. Three licensing policies are studied: the auction, the fixed fee and the per unit output royalty. The main finding...