Technology licensing and grantbacks under hidden information
Dutu, Richard and Benoit, Julien 2009, Technology licensing and grantbacks under hidden information, Journal of institutional and theoretical economics, vol. 165, no. 4, pp. 561-578.
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Title
Technology licensing and grantbacks under hidden information
Journal of institutional and theoretical economics
Volume number
165
Issue number
4
Start page
561
End page
578
Publisher
Mohr Siebeck
Place of publication
Tùˆbingen, Germany
Publication date
2009-12
ISSN
0932-4569
Summary
This paper explores technological transfer via licensing under hidden information. The transaction features a quality choice of technology to be transferred between a licensor and a licensee that has private information about its ability to implement and refine the technology. The model accounts for the possible damage that drastic refinements and reverse licensing can do to the licensor's market position, and makes predictions on the structure of licensing contracts. We show under what conditions a licensing contract will include a further contractual provision such as a grantback clause. Finally, the welfare implications of grantback inclusion are assessed.
Language
eng
Field of Research
140209 Industry Economics and Industrial Organisation
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