期刊名称：Journal of Agricultural and Resource Economics
印刷版ISSN：1068-5502
出版年度：2015
卷号：40
期号：1
页码：1-22
出版社：WAEA
摘要：We develop a theoretical model of optimal licensing schemes for quality-improving innovations.We consider an oligopolistic market where two downstream firms compete in price and theupstream innovator holds a technology that may create differentiation between the products. Ourresults show that non-exclusive licensing performs better than exclusive licensing under both fixedfees and royalties and that the preferred contract consists of fixed fees only. We also find that theinnovator’s license revenue depends on the magnitude of the innovation so there is a greater rewardto the innovator’s institution if the innovation is large.
