Optimal Licensing of Agricultural Patents: Fees versus Royalties

We develop a theoretical model of optimal licensing schemes for quality-improving innovations. We consider an oligopolistic market where two downstream firms compete in price and the upstream innovator holds a technology that may create differentiation between the products. Our results show that non...

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Bibliographic Details
Main Authors: Di Fang, Timothy Richards, Bradley Rickard
Format: Article
Language:English
Published: Western Agricultural Economics Association 2015-01-01
Series:Journal of Agricultural and Resource Economics
Subjects:
Online Access:https://ageconsearch.umn.edu/record/197374