This paper analyzes how an inventor should …x the licensing terms to license a standard in complying with a non-discrimination requirement. Using a model incorporating imperfect competition between a …nite number of users and product di¤erentiation, we compare three di¤erent regimes: …xed fee (also known as royalty free), per unit royalty and two-part tari¤. We highlight the di¤erent e¤ects of ...

The digital revolution has upended many aspects of the copyright system, particularly as it relates to music. Drawing on creative, jurisprudential, technological, and social science insights, this article explores broad range music justice concerns, ranging from file sharing royalty distribution, infringement standards, creation mashups.

We develop a model, based on asymmetric information, which provides a rational explanation for the persistent use of royalties alongside equity in university technology transfer. The model shows how royalties, through their value destroying distortions, can act as a screening tool that allows a less informed principal, such as the university’s Technology Transfer Office (TTO), to elicit private...