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Contrats de licences et asymétrie d'information

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Author Info

  • 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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File URL: http://www.jstor.org/stable/20075849
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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. Yair Tauman & Debrapiya Sen, 2012. "Patents and Licenses," Department of Economics Working Papers 12-05, Stony Brook University, Department of Economics.
  2. repec:hal:wpaper:halshs-00595493 is not listed on IDEAS
  3. Macho, I. & Martinez-Giralt, X. & Perez-Castrillo, D., 1993. "The Role of Information in Licensing Contract Design," UFAE and IAE Working Papers 216.93, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  4. 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) halshs-00595493, HAL.
  5. Sen, Debapriya, 2005. "On the coexistence of different licensing schemes," International Review of Economics & Finance, Elsevier, vol. 14(4), pages 393-413.
  6. Giorgos Stamatopoulos, 2008. "On the possibility of licensing in a market with logit demand functions," Economics Bulletin, AccessEcon, vol. 4(17), pages 1-11.
  7. Toshihiro Matsumura & Noriaki Matsushima & Giorgos Stamatopoulos, 2010. "Location equilibrium with asymmetric firms: the role of licensing," Journal of Economics, Springer, vol. 99(3), pages 267-276, April.
  8. Isabelle Liotard, 2012. "Les plateformes d'innovation sur Internet : arrangements contractuels, intermédiation et gestion de la propriété intellectuelle," Post-Print hal-00680366, HAL.

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