期刊論文
| 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 | en |
| ISSN | 1059-0560 |
| 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 | 是 |
| 國別 | NLD |
| 公開徵稿 | |
| 出版型式 | ,電子版,紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/108544 ) |