THE IMPERFECT MARKET FOR TECHNOLOGY LICENSES

By R. Caves, H. Crookell, J. Killing. 2009

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Choice and performance of governance mechanisms: matching alliance governance to asset type (2009, background): “…its contracted responsibilities by failing to live up to its promised contribution of knowledge, effort, or other resources (Klein, 1980) or by applying the resources gained via the alliance to markets or products outside of the agreed-upon scope (Bresser, 1988; Caves, Crookell, and Killing, 1983).”
The Value of U.S. Patents by Owner and Patent Characteristics (2008, unknown): “Caves et al. (1983) find that licensors typically realize less than half the value of their technologies.”
Technological exploration through licensing: new insights from the licensee’s point of view (2010, background): “…of Innovation and Organizational Economics, Copenhagen Business School, 2000 Frederiksberg, Denmark. e-mail: kl.ino@cbs.dk **Maria Isabella Leone, Department of Law, LUMSA, 00192 Rome, Italy. e-mail: mleone@luiss.it ySalvatore Torrisi, Department of Management, University of Bologna, via…”