The Implications of Intertemporal Consistency for Patent Licensing
AbstractA patent provides its holder the monopolist's right to sell licenses that allow the use of new knowledge or an innovation during a certain period of time. The patent holder therefore faces the typical commitment problem of the durable-goods monopolist. This intertemporal consistency problem appears when the monopolist does not have the ability to commit to a future schedule of license sales.
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Bibliographic InfoPaper provided by ASSET (Association of Southern European Economic Theorists) in its series ASSET - Instituto De Economia Publica with number 171.
Length: 58 pages
Date of creation: 1997
Date of revision:
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PATENTS ; MONOPOLIES ; INNOVATIONS;
Find related papers by JEL classification:
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property Rights
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