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- W1579976704 abstract "We study bilateral cross-licensing agreements among N(> 2) firms that engage in competition after the licensing phase. It is shown that the most collusive cross- licensing royalty, i.e. the one that allows the industry to achieve the monopoly pro.t, is sustainable as the outcome of bilaterally efficient agreements. When the terms of cross-licensing agreements are not observable to third parties, the monopoly royalty is the unique symmetric bilaterally efficient royalty. However, when the terms of the agreements are public, the most competitive royalty (i.e. zero) can also be bilaterally efficient. Policy implications regarding the antitrust treatment of cross-licensing agreements are derived from these results." @default.
- W1579976704 created "2016-06-24" @default.
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- W1579976704 date "2013-01-01" @default.
- W1579976704 modified "2023-09-24" @default.
- W1579976704 title "Cross-Licensing and Competition" @default.
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- W1579976704 doi "https://doi.org/10.2139/ssrn.2335724" @default.
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