Drastic innovations and multiplicity of optimal licensing policies
AbstractConsidering the licensing of a drastic cost-reducing innovation by an outside innovator in an n-firm Cournot oligopoly, we show that when the innovator uses combinations of fees and royalties, there are either nÂ -Â 1 or n optimal licensing policies.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 105 (2009)
Issue (Month): 1 (October)
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Drastic innovation Outside innovator AR policy k-firm natural oligopoly;
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