Per unit vs. ad valorem royalty licensing

doi:10.1016/j.econlet.2018.06.002

CORC > 上海财经大学 > 上海财经大学

	Per unit vs. ad valorem royalty licensing
	Fan, Cuihong 1; Jun, Byoung Heon 2; Wolfstetter, Elmar G.2,3
刊名	ECONOMICS LETTERS
	2018-09
卷号	170 页码:71-75
关键词	Innovation Patent licensing Royalty contracts R&D Optimal contracts
ISSN号	0165-1765
DOI	10.1016/j.econlet.2018.06.002
英文摘要	We consider licensing of non-drastic innovations by a patent holder who interacts with a potential licensee in a downstream market. We compare two kinds of license contracts: per unit and ad valorem royalties, combined with fixed fees. Assuming that antitrust authorities apply the same principle to review ad valorem licensing which they apply to per unit licensing, we show that per unit licensing is more profitable if the licensor is more efficient in using the innovation, whereas ad valorem licensing is more profitable if the licensee is more efficient. This explains why and when these licensing schemes should be observed. (C) 2018 Elsevier B.V. All rights reserved.
WOS研究方向	Business & Economics
语种	英语
出版者	ELSEVIER SCIENCE SA
WOS记录号	WOS:000442065400018
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/537]
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, Guoding Rd 777, Shanghai 200433, Peoples R China; 2.Korea Univ, Dept Econ, Sung Buk Ku Am Dong 5-1, Seoul 02841, South Korea; 3.Humboldt Univ, Dept Econ, Spandauer Str 1, D-10178 Berlin, Germany
推荐引用方式 GB/T 7714	Fan, Cuihong,Jun, Byoung Heon,Wolfstetter, Elmar G.. Per unit vs. ad valorem royalty licensing[J]. ECONOMICS LETTERS,2018,170:71-75.
APA	Fan, Cuihong,Jun, Byoung Heon,&Wolfstetter, Elmar G..(2018).Per unit vs. ad valorem royalty licensing.ECONOMICS LETTERS,170,71-75.
MLA	Fan, Cuihong,et al."Per unit vs. ad valorem royalty licensing".ECONOMICS LETTERS 170(2018):71-75.