Bargaining with a Property Rights Owner
AbstractWe consider a bargaining problem where one of the players, the intellectual property rights owner (IPRO) can allocate licenses for the use of this property among the interested parties (agents). The agents negotiate with him the allocation of licenses and the payments of the licensees to the IPRO. We state five axioms and characterize the bargaining solutions which satisfy these axioms. Every solution is characterized by a fraction a. Every agent obtains a weighted average of his individually rational level and his marginal contribution to the set of all players, where the weights are a and 1-a, respectively, uniformly over all bargaining problems. The IPRO obtains the remaing surplus. The solution for a=1/2 is the nucleolus of a naturally related game in characteristic form.
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Bibliographic InfoPaper provided by Kyiv School of Economics in its series Discussion Papers with number 1.
Date of creation: Jan 2008
Date of revision:
Note: Forthcoming in Games and Economic Behavior
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Bargaining solution; nucleolus; licensing; property rights;
Other versions of this item:
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D45 - Microeconomics - - Market Structure and Pricing - - - Rationing; Licensing
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