Per unit vs. ad valorem royalty licensing
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Fan, Cuihong | - |
dc.contributor.author | Jun, Byoung Heon | - |
dc.contributor.author | Wolfstetter, Elmar G. | - |
dc.date.accessioned | 2021-09-02T06:35:26Z | - |
dc.date.available | 2021-09-02T06:35:26Z | - |
dc.date.created | 2021-06-16 | - |
dc.date.issued | 2018-09 | - |
dc.identifier.issn | 0165-1765 | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/73183 | - |
dc.description.abstract | We consider licensing of non-drastic innovations by a patent holder who interacts with a potential licensee in a downstream market. We compare two kinds of license contracts: per unit and ad valorem royalties, combined with fixed fees. Assuming that antitrust authorities apply the same principle to review ad valorem licensing which they apply to per unit licensing, we show that per unit licensing is more profitable if the licensor is more efficient in using the innovation, whereas ad valorem licensing is more profitable if the licensee is more efficient. This explains why and when these licensing schemes should be observed. (C) 2018 Elsevier B.V. All rights reserved. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | ELSEVIER SCIENCE SA | - |
dc.subject | COST-REDUCING INNOVATION | - |
dc.subject | LOSERS | - |
dc.subject | FEE | - |
dc.title | Per unit vs. ad valorem royalty licensing | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Jun, Byoung Heon | - |
dc.identifier.doi | 10.1016/j.econlet.2018.06.002 | - |
dc.identifier.scopusid | 2-s2.0-85048068581 | - |
dc.identifier.wosid | 000442065400018 | - |
dc.identifier.bibliographicCitation | ECONOMICS LETTERS, v.170, pp.71 - 75 | - |
dc.relation.isPartOf | ECONOMICS LETTERS | - |
dc.citation.title | ECONOMICS LETTERS | - |
dc.citation.volume | 170 | - |
dc.citation.startPage | 71 | - |
dc.citation.endPage | 75 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.subject.keywordPlus | COST-REDUCING INNOVATION | - |
dc.subject.keywordPlus | LOSERS | - |
dc.subject.keywordPlus | FEE | - |
dc.subject.keywordAuthor | Innovation | - |
dc.subject.keywordAuthor | Patent licensing | - |
dc.subject.keywordAuthor | Royalty contracts | - |
dc.subject.keywordAuthor | R& | - |
dc.subject.keywordAuthor | D | - |
dc.subject.keywordAuthor | Optimal contracts | - |
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