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Limited Commercial Licensing Strategies: A Piecewise Deterministic Differential Game

In: Quantitative Models in Life Science Business

Author

Listed:
  • Domenico De Giovanni

    (University of Calabria)

  • Jung Kyu Canci

    (Lucerne University of Applied Sciences and Arts)

Abstract

We sketch a dynamic model of limited commercial licensing, also known as “compulsory licensing”, making use of the framework of piecewise-deterministic differential games. The framework features key ingredients, such as (i) The risk that a compulsory licensing will be issued; (ii) The lack of information available to player in terms of when and even whether the compulsory license will be issued. The setup can be used to tackle the important question about the beneficial and detrimental aspects of compulsory licensing.

Suggested Citation

  • Domenico De Giovanni & Jung Kyu Canci, 2023. "Limited Commercial Licensing Strategies: A Piecewise Deterministic Differential Game," SpringerBriefs in Economics, in: Jung Kyu Canci & Philipp Mekler & Gang Mu (ed.), Quantitative Models in Life Science Business, pages 17-28, Springer.
    • Handle: RePEc:spr:spbchp:978-3-031-11814-2_2
    DOI: 10.1007/978-3-031-11814-2_2
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