Title of article
Exclusive versus non-exclusive licensing strategies and moral hazard
Author/Authors
Patrick W. Schmitz، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2007
Pages
7
From page
208
To page
214
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
licenses , innovation , Private information , Monopoly
Journal title
Economics Letters
Serial Year
2007
Journal title
Economics Letters
Record number
436349
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