Title: Study on exclusive price contracts of technology licensing under the conditions of adverse selection
Abstract:Making use of the classical principal-agent theory,this paper unveil the internal mechanism of the price contracts of technology licensing under the conditions of adverse selection.This paper show tha...Making use of the classical principal-agent theory,this paper unveil the internal mechanism of the price contracts of technology licensing under the conditions of adverse selection.This paper show that it can differentiate between the good-type and bad-type technology licensee through the royalty contracts for the bad licensee.Because the good-type licensee is efficient,the contracts is always a pure fixed fee contracts regardless of conditions.But under the conditions of adverse selection,the technology licensor must pay some information rent for the good licensee.Read More
Publication Year: 2009
Publication Date: 2009-01-01
Language: en
Type: article
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