Optimal licensing under incomplete information: the case of the inside patent holder | |
Fan, Cuihong1; Jun, Byoung Heon2; Wolfstetter, Elmar G.2,3 | |
刊名 | ECONOMIC THEORY |
2018-12 | |
卷号 | 66期号:4页码:979-1005 |
关键词 | Innovation Licensing Optimal contracts Asymmetric information |
ISSN号 | 0938-2259 |
DOI | 10.1007/s00199-017-1077-5 |
英文摘要 | We reconsider the inside patent holders' optimal licensing problem of non-drastic and (super-) drastic innovations under incomplete information, taking into account restrictions concerning royalty rates and the use of exclusive licenses implied by antitrust rules. We employ methods developed in the analysis of license auctions with downstream interaction and optimal control theory. Our analysis differs from the literature which assumed particular patterns of cost reductions across firms induced by the innovation and either complete information or particular probability distributions. |
WOS研究方向 | Business & Economics |
语种 | 英语 |
出版者 | SPRINGER |
WOS记录号 | WOS:000450488100006 |
内容类型 | 期刊论文 |
源URL | [http://10.2.47.112/handle/2XS4QKH4/459] |
专题 | 上海财经大学 |
通讯作者 | Fan, Cuihong |
作者单位 | 1.Shanghai Univ Finance & Econ, Sch Econ, 777 Guoding Rd, Shanghai 200433, Peoples R China; 2.Korea Univ, Dept Econ, 145 Anam Ro, Seoul 02841, South Korea; 3.Humboldt Univ, Inst F Wirtschaftstheorie 1, Spandauer Str 1, D-10178 Berlin, Germany |
推荐引用方式 GB/T 7714 | Fan, Cuihong,Jun, Byoung Heon,Wolfstetter, Elmar G.. Optimal licensing under incomplete information: the case of the inside patent holder[J]. ECONOMIC THEORY,2018,66(4):979-1005. |
APA | Fan, Cuihong,Jun, Byoung Heon,&Wolfstetter, Elmar G..(2018).Optimal licensing under incomplete information: the case of the inside patent holder.ECONOMIC THEORY,66(4),979-1005. |
MLA | Fan, Cuihong,et al."Optimal licensing under incomplete information: the case of the inside patent holder".ECONOMIC THEORY 66.4(2018):979-1005. |
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