Patents and Licenses
نویسندگان
چکیده
This article considers the problem of patent licensing in a Cournot oligopoly under a class of general demand functions. We consider two cases, the case where the innovator is an outsider and the one where it is one of the incumbent firms. The licensing policies considered are upfront fees, royalties and combinations of the two. It is shown that (i) for generic values of magnitudes of the innovation, a royalty policy is better than fee or auction provided the industry size is relatively large, (ii) under combinations of fees and royalties, provided the innovation is relatively significant (or the industry size is relatively large), (a) there is always an optimal policy where the innovation is licensed to practically all firms of the industry and (b) any optimal combination includes a positive royalty. ∗Department of Economics, Ryerson University, Toronto, ON, Canada. †Department of Economics, SUNY, Stony Brook, NY, USA.
منابع مشابه
Tions Made with Federal Assistance
Amendment by Pub. L. 100–418 applicable, subject to certain qualifications and exceptions, to all United States patents, and to all licenses under section 184 of this title, regardless of the date such patents or licenses are granted, and to all applications for such patents pending on or filed after Aug. 23, 1988, see section 9101(d) of Pub. L. 100–418, set out as a note under section 184 of t...
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