| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5078168 | International Journal of Industrial Organization | 2012 | 14 Pages |
Abstract
⺠Field-of-use restrictions (FOUR) are a widely used clause in licensing agreements. ⺠FOUR can improve production efficiency when a technology has several applications. ⺠But there may be a risk of overlap between fields if the licensor is not careful. ⺠The paper derives the optimal license contract using a moral hazard framework. ⺠The contract may include decreasing royalties and output restrictions.
Related Topics
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Economics, Econometrics and Finance
Economics and Econometrics
Authors
Florian Schuett,