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Licensing Under B ertrand Competition Revisited
Author(s) -
Colombo Stefano
Publication year - 2015
Publication title -
australian economic papers
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.351
H-Index - 15
eISSN - 1467-8454
pISSN - 0004-900X
DOI - 10.1111/1467-8454.12041
Subject(s) - competition (biology) , innovator , business , economics , industrial organization , microeconomics , business administration , finance , entrepreneurship , ecology , biology
This note indicates that the derivation of the royalty contract for licensing in W ang and Y ang ( A ustralian E conomic P apers , 39 (1999) 106–119) is not correct. As a consequence, the profits of the innovator in the case of royalty licensing are underestimated.