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Contrats de licences et asymétrie d'information

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  • Inés MACHO-STADLER
  • David PEREZ-CASTRILLO

Abstract

This paper deals with the form of licencing contracts when there is asymmetric information. We show that when the licensor has private information he can signals the high quality patents through contracts based on royalties. Conversely, when the licensee has more information about the value of the patent, contracts including only a fixed fee attract those for whom the innovation has a high value.

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Bibliographic Info

Article provided by ENSAE in its journal Annals of Economics and Statistics.

Volume (Year): (1991)
Issue (Month): 24 ()
Pages: 189-208

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Handle: RePEc:adr:anecst:y:1991:i:24:p:08

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Cited by:
  1. repec:hal:wpaper:halshs-00595493 is not listed on IDEAS
  2. Rabah Amir & David Encaoua & Yassine Lefouili, 2013. "Optimal Licensing of Uncertain Patents in the Shadow of Litigation," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL halshs-00847955, HAL.
  3. BHATTACHARYA, Sudipto & D’ASPREMONT, Claude & GURIEV, Sergei & SEN, Debapriya, 2012. "Cooperation in R&D: patenting, licensing and contracting," CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) 2012055, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  4. Macho, I. & Martinez-Giralt, X. & Perez-Castrillo, D., 1993. "The Role of Information in Licensing Contract Design," UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) 216.93, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  5. Toshihiro Matsumura & Noriaki Matsushima & Giorgos Stamatopoulos, 2010. "Location equilibrium with asymmetric firms: the role of licensing," Journal of Economics, Springer, Springer, vol. 99(3), pages 267-276, April.
  6. Rabah Amir & David Encaoua & Yassine Lefouili, 2011. "Per-Unit Royalty vs Fixed Fee: The Case of Weak Patents," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL halshs-00595493, HAL.
  7. Giorgos Stamatopoulos, 2008. "On the possibility of licensing in a market with logit demand functions," Economics Bulletin, AccessEcon, vol. 4(17), pages 1-11.
  8. repec:hal:wpaper:halshs-00847955 is not listed on IDEAS
  9. Isabelle Liotard, 2012. "Les plateformes d'innovation sur Internet : arrangements contractuels, intermédiation et gestion de la propriété intellectuelle," Post-Print, HAL hal-00680366, HAL.
  10. Yair Tauman & Debrapiya Sen, 2012. "Patents and Licenses," Department of Economics Working Papers, Stony Brook University, Department of Economics 12-05, Stony Brook University, Department of Economics.
  11. Sen, Debapriya, 2005. "On the coexistence of different licensing schemes," International Review of Economics & Finance, Elsevier, Elsevier, vol. 14(4), pages 393-413.

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