Optimal Licensing Contracts and the Value of a Patent

C. Erutku and Y. Richelle

Cahiers de recherche from Centre interuniversitaire de recherche en économie quantitative, CIREQ

Abstract: We extend Kamlen and Tauman's (1986) analysis of the value of a patent by allowing the inventor to use licencing contracts that specify a fixed fee plus a royalty.

Keywords: CONTRACTS; PATENTS; ROYALTIES (search for similar items in EconPapers)
JEL-codes: O30 O31 (search for similar items in EconPapers)
Date: 2000
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