An Analysis of Pure-revenue Licensing
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WPnull/05 An Analysis of Pure-revenue Licensing
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Abstract
This paper analyzes pure-revenue technology licensing, where licensors solely seek the obtaining royalties. Since strategic concerns are left aside, the licensing decision is mainly driven by the features of the innovations. Our aim is to identify such characteristics. We use the NBER Patent Citations Database to explore different dimensions of the patented technologies present in yet2.com, a marketplace likely to capture pure-revenue transactions. Our findings point out that these technologies differ from the mean technology in the licensor's portfolio with respect to importance, innovativeness, scope, complementarity and fit into the firm's core. Results increase our awareness on the drivers of technology licensing decisions.
Classification JEL:O32; L14
Number of Pages:36
Creation Date:2005-09-01
Number:null/05
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