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Payment schemes in technology licensing agreements: a transaction cost approach +.
| Content Provider | CiteSeerX |
|---|---|
| Author | Bessy, Christian Brousseau, Eric Saussier, Stéphane |
| Abstract | This article provides an empirical assessment of payment schemes implemented in technology licensing agreements. Using a new source of data (a French governmental database designed to observe international technology transfers) we analyze the choice of royalties vs. lump sum payments as reflecting the ex post contractual hazards that may impede the use of royalties in such agreements. Such costs evolve with the quality of the protection provided to the licensor by the institutional environment and with the nature of what is exchanged. Our empirical investigations highlight the key role played by the tastiness of the licensed knowledge and support transaction cost propositions. |
| File Format | |
| Access Restriction | Open |
| Subject Keyword | Payment Scheme Transaction Cost Approach Empirical Investigation Ex Post Contractual Hazard Sum Payment Institutional Environment Key Role French Governmental Database New Source Technology Licensing Agreement International Technology Transfer Transaction Cost Proposition Licensed Knowledge Empirical Assessment |
| Content Type | Text |
| Resource Type | Article |
