Exclusive versus Non-Exclusive Licensing Strategies and Moral Hazard
15 Pages Posted: 22 May 2008
There are 2 versions of this paper
Exclusive Versus Non-Exclusive Licensing Strategies and Moral Hazard
Date Written: March 2007
Abstract
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.
Keywords: Innovation, Licences, Monopoly, Private information
JEL Classification: D45, D82, L12
Suggested Citation: Suggested Citation
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