教師資料查詢 | 類別: 期刊論文 | 教師: 麥朝成 Mai Chao-Cheng (瀏覽個人網頁)

標題:Patent Licensing under Financial Structure with Limited Liability
學年105
學期1
出版(發表)日期2016/11/01
作品名稱Patent Licensing under Financial Structure with Limited Liability
作品名稱(其他語言)
著者Wang, Kuang-Cheng Andy; Wang, Yi-Jie; Liang, Wen-Jung; Tsai, Ming-Che; Mai, Chao-Cheng
單位
出版者
著錄名稱、卷期、頁數International Review of Economics & Finance 46, pp.121-135
摘要In a seminal paper, Kamien and Tauman (1986) show that fixedfee licensing is always superior to royalty licensing for the outsider licensor under Cournot competition. However, empirical studies demonstrate that royalty licensing is much more popular than fixed-fee licensing. We attempt to reconcile this controversy by taking into account the financial structure of firms with limited liability. We show that the optimal licensing contract under Cournot competition is royalty licensing if the mean-preserving variance of demand is large, while it is non-exclusive fixed-fee licensing otherwise. Moreover, this result is robust under mixed licensing contract and an oligopolistic market.
關鍵字Leveraged firms;Limited liability;Outsider patentee;Cournot competition;Licensing means
語言英文
ISSN1059-0560
期刊性質國外
收錄於SSCI;
產學合作
通訊作者Liang, Wen-Jung
審稿制度
國別荷蘭
公開徵稿
出版型式,電子版,紙本
相關連結
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