Bargaining with a property rights owner
We 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. In a solution 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 the same across all agents and all bargaining problems. The IPRO obtains the remaining surplus. The symmetric solution is the nucleolus of a naturally related coalitional game.
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- Yair Tauman & Naoki Watanabe, 2007. "The Shapley Value of a Patent Licensing Game: the Asymptotic Equivalence to Non-cooperative Results," Economic Theory, Springer, vol. 30(1), pages 135-149, January.
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- Debapriya Sen & Yair Tauman, 2002.
"General licensing schemes for a cost-reducing innovation,"
Department of Economics Working Papers
02-03, Stony Brook University, Department of Economics.
- Sen, Debapriya & Tauman, Yair, 2007. "General licensing schemes for a cost-reducing innovation," Games and Economic Behavior, Elsevier, vol. 59(1), pages 163-186, April.
- Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
- Buch, Ishay & Tauman, Yair, 1992. "Bargaining with a Ruler," International Journal of Game Theory, Springer, vol. 21(2), pages 131-48.
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