Licensing Under Bertrand Competition Revisited
Stefano Colombo ()
Australian Economic Papers, 2015, vol. 54, issue 1, 38-42
type="main"> This note indicates that the derivation of the royalty contract for licensing in Wang and Yang (Australian Economic Papers, 39 (1999) 106–119) is not correct. As a consequence, the profits of the innovator in the case of royalty licensing are underestimated.
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