Inter-temporal Tie-ins: A Case for Tying Intellectual Property Through Licensing

Stephen Law

International Journal of the Economics of Business, 2004, vol. 11, issue 1, 3-26

Abstract: Hybrid licences tie trade secret rights (which have no fixed expiration) to related patent rights (which expire). Although level royalty hybrid licences, which charge a single royalty for both rights, have been prohibited, it can be shown that infinite-term licensing (ITL) for patent rights may be better than a limited-term patent, when returns to the licensor are fixed. This article explains hybrid licensing as a means of privately implementing the efficient ITL outcome when returns to the licensor are constrained but not necessarily fixed, without requiring a change in the length of the patent term.

Keywords: Licensing; Hybrid Licensing; Intellectual Property Rights; Patents; Trade Secrets; Tying; K11; K21; L42 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (3)

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DOI: 10.1080/1357151032000172200

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