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License auctions with royalty contracts for (winners and) losers
Humboldt University at Berlin, Germany.ORCID iD: 0000-0002-8973-1410
Humboldt University at Berlin, Germany.
2008 (English)In: Games and Economic Behavior, ISSN 0899-8256, E-ISSN 1090-2473, Vol. 63, no 1, 91-106 p.Article in journal (Refereed) Published
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Text
Abstract [en]

This paper revisits the licensing of a non-drastic process innovation by an outside innovator to a Cournot oligopoly. We propose a new mechanism that combines a restrictive license auction with royalty licensing. This mechanism is more profitable than standard license auctions, auctioning royalty contracts, fixed-fee licensing, pure royalty licensing, and two-part tariffs. The key features are that royalty contracts are auctioned and that losers of the auction are granted the option to sign a royalty contract. Remarkably, combining royalties for winners and losers of the auction makes the integer constraint concerning the number of licenses irrelevant.

Place, publisher, year, edition, pages
Elsevier, 2008. Vol. 63, no 1, 91-106 p.
Keyword [en]
Patents, Licensing, Auctions, Royalty, Innovation, R&D, Mechanism design
National Category
Economics
Research subject
Economy, Economics
Identifiers
URN: urn:nbn:se:lnu:diva-49429DOI: 10.1016/j.geb.2007.08.010OAI: oai:DiVA.org:lnu-49429DiVA: diva2:898848
Available from: 2016-01-29 Created: 2016-01-29 Last updated: 2016-02-05Bibliographically approved

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Giebe, Thomas
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