Exclusive versus non-exclusive licensing strategies and moral hazard

被引：9
|
作者：
Schmitz, Patrick W.
机构：
[1] Univ Cologne, Staatswissenchaftliches Seminar, D-50923 Cologne, Germany
[2] CEPR, London, England
来源：
ECONOMICS LETTERS | 2007年 / 97卷 / 03期
关键词：
licenses; innovation; monopoly; private information;
D O I：
10.1016/j.econlet.2007.03.021
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
An upstream firm can license its innovation to downstream firms that have to exert further development effort. There are situations in which more licenses are sold if effort is a hidden action. Moral hazard may thus increase the probability that the product will be developed. (c) 2007 Elsevier B.V. All rights reserved.
引用
收藏
页码：208 / 214
页数：7
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