Rockett, K (1990) 'The quality of licensed technology.' International Journal of Industrial Organization, 8 (4). 559 - 574. ISSN 0167-7187

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Abstract

This paper extends the licensing literature to allow firms to choose the age of the technology which is licensed as well as the structure of payment for the license. When newer technology is equated with technology of higher quality, firms may use the age of the technology in conjunction with the royalty level in order to maximize licensing profits and discourage imitation. When newer technology is equated with technology of more uncertain quality, older technology may be licensed because its licensing contract requires less rent-sharing. © 1990.

Item Type:	Article
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	Faculty of Social Sciences > Economics, Department of
Depositing User:	Jim Jamieson
Date Deposited:	12 Jul 2012 11:55
Last Modified:	30 Jan 2019 16:23
URI:	http://repository.essex.ac.uk/id/eprint/2839

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