Optimal Licensing in a Spatial Model

Francisco Caballero-Sanz, Rafael Moner-Colonques and José Sempere-Monerris
Additional contact information
Francisco Caballero-Sanz: University of Valencia and Commission of the European Communities, Directorate General for Competition
Rafael Moner-Colonques: CORE, Université catholique de Louvain, B-1348 Louvain-la-Neuve, Belgium

No 1994031, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: This paper studies, in a spatial model. optimal licensing policies by first, comparing our results with the standard (non-spatial) licensing literature, and second, how results are affected if the patent holder can introduce a vertical restraint (exclusive territories). Contrary to standard results we find that royalties are superior to fees. Once the licensor introduces an ET clause, his profits are higher than when he uses either fees or royalties only. A conflict between private and social interests arises since consumers are better off when the technology is licensed via fees.

Keywords: licensing; royalties; fees; exclusive territories (search for similar items in EconPapers)
Date: 1994-07-01
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Optimal Licensing in a Spatial Model (2002)
Working Paper: Optimal licensing in a spatial model (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:1994031

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