Milestone payments or royalties? Contract design for R&D licensing
We study how innovators can optimally design licensing contracts when there is incomplete information on the licensee's valuation of the innovation, and limited control over the licensee's development efforts. A licensing contract typically contains an up-front payment, milestone payments...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2008
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/869 https://ink.library.smu.edu.sg/context/lkcsb_research/article/1868/viewcontent/Crama2008MilestonePayments_PP.pdf |
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| Institution: | Singapore Management University |
| Language: | English |