Under the assumption of decreasing returns to scale, we compare several licensing mechanisms - per-unit royalty, an ad valorem royalty, and a revenue-royalty, and combinations with fixed fees - for an insider patentee. In the case of a non-drastic innovation, the patentee maximizes its profits by offering, respectively, an ad valorem royalty, a revenue-royalty and a two-part per-unit royalty, if the cost function is scarcely or highly convex, moderately-low convex, and moderately-high convex. In the case of a drastic innovation, the patentee always offers an ad valorem royalty contract.
Colombo, S., Filippini, L., Revenue royalties, <<JOURNAL OF ECONOMICS>>, 2016; (Gennaio): N/A-N/A [http://hdl.handle.net/10807/71928]
Autori: | ||
Titolo: | Revenue royalties | |
Data di pubblicazione: | 2016 | |
Abstract: | Under the assumption of decreasing returns to scale, we compare several licensing mechanisms - per-unit royalty, an ad valorem royalty, and a revenue-royalty, and combinations with fixed fees - for an insider patentee. In the case of a non-drastic innovation, the patentee maximizes its profits by offering, respectively, an ad valorem royalty, a revenue-royalty and a two-part per-unit royalty, if the cost function is scarcely or highly convex, moderately-low convex, and moderately-high convex. In the case of a drastic innovation, the patentee always offers an ad valorem royalty contract. | |
Lingua: | Inglese | |
Rivista: | ||
Citazione: | Colombo, S., Filippini, L., Revenue royalties, <<JOURNAL OF ECONOMICS>>, 2016; (Gennaio): N/A-N/A [http://hdl.handle.net/10807/71928] | |
Appare nelle tipologie: | Articolo in rivista, Nota a sentenza |