Similar Search Results

License auctions with exit (and entry) options : alternative remedies for the exposure problem

Hu, Luke; Wolfstetter, Elmar - 2012

Inspired by some spectrum auctions, we consider a stylized license auction with incumbents and one entrant. Whereas the …

Persistent link: https://www.econbiz.de/10009685869

Licensing innovations : the case of the inside patent holder

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2015

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...

Persistent link: https://www.econbiz.de/10011285324

Auctioning process innovations when losers' bids determine royalty rates

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2010

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

Persistent link: https://www.econbiz.de/10003935644

Licensing a common value innovation when signaling strength may backfire

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2010

scheme that combines a first-price license auction with royalty contracts for losers. Prior to bidding firms observe …

Persistent link: https://www.econbiz.de/10003935649

License auctions with royalty contracts for (winners and) losers

Giebe, Thomas; Wolfstetter, Elmar - 2007 - April (revised) 2007

. 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 …

Persistent link: https://www.econbiz.de/10010365856

Fragmented property rights and R&D competition

Clark, Derek J.; Konrad, Kai A. - 2006

Where product innovation requires several complementary patents, fragmented property rights can be a factor that limits firms' willingness to invest in the development and commercialization of new products. This paper studies multiple simultaneous R&D contests for complementary patents and how...

Persistent link: https://www.econbiz.de/10010365878

Jostling for advantage : licensing and entry into patent portfolio races

Siebert, Ralph; Graevenitz, Georg von - 2006

they license ex ante or ex post. We develop a model of a patent portfolio race, which allows for endogenous R&D efforts, to …

Persistent link: https://www.econbiz.de/10010365900

The license of right, compulsory licensing and the value of exclusivity

Rudyk, Ilja - 2012

This paper uses the License of Right (LOR) provision implemented in Section 23 of the German Patent Act to answer the … the welfare implications of having a License of Right system? Section 23 of the German Patent Act grants a patentee a 50 …. Nevertheless, for a small fraction of patents a commitment to license non-exclusively may even increase the returns from patent …

Persistent link: https://www.econbiz.de/10010343808

Complementary patents and market structure

Schmidt, Klaus M. - 2008

Many high technology goods are based on standards that require access to several patents that are owned by different IP holders. We investigate the royalties chosen by IP holders under different market structures. Vertical integration of an IP holder and a downstream producer solves the double...

Persistent link: https://www.econbiz.de/10010343929

Research joint ventures, optimal licensing, and R&D subsidy policy

Fan, Cuihong; Wolfstetter, Elmar - 2006

&D investments and license innovations. In equilibrium R&D joint ventures are formed and licensing occurs in a way that eliminates …

Persistent link: https://www.econbiz.de/10010343942