The Optimum R&D and Licensing Strategies
نویسندگان
چکیده
We acknowledge that past researches discuss the strategy of the technology licensing by patentees all assume that technology innovation is exogenous. In this paper, we study on the patentee’s research and development (R&D) and licensing if the patentee is not in production. It is found that under different strategy, the level of R&D is different. And the fixed fee royalty is still the best licensing way to the patentee himself and to the whole society.
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