Strategic Delegation and Licensing of Patented Technology under Fixed Fee Schedule

摘要

In most existing literature on patent licensing under market competition,firms are (implicitly) assumed to be the owner-manager type.In reality,however,firm owners may deliberately delegate the operation decisions of the firm to its manager for strategic reasons.This paper investigates,in a duopoly market,the impact of strategic delegation by the (owners of the) firms on the licensing of patented technology under fixed license fee schedule.Our results show that,for larger value-added technological innovation,strategic delegation may under certain conditions hinder the diffusion of patented technology.Finally,the policy implications of the conclusions (especially with respect for China) are given.