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Exclusive versus non-exclusive licensing strategies and moral hazard

  • Schmitz, Patrick W.

An upstream firm can license its innovation to downstream firms that have to exert further development effort. There are situations in which more licenses are sold if effort is a hidden action. Moral hazard may thus increase the probability that the product will be developed.

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Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 97 (2007)
Issue (Month): 3 (December)
Pages: 208-214

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Handle: RePEc:eee:ecolet:v:97:y:2007:i:3:p:208-214
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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