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| Author: | Saracho, A.I. |
| Title: | Patent licensing under strategic delegation |
| Journal: | Journal of Economics & Management Strategy
2002 : SUMMER, VOL. 11:2, p. 225-251 |
| Index terms: | COMPANY OWNERSHIP INCENTIVES LICENSING PATENTS STRATEGY |
| Language: | eng |
| Abstract: | The modern corporation is characterized both by a separation of ownership from management and by managerial incentives that often include strategic elements in addition to the standard incentive elements. The analysis in this paper shows how, by simply taking into account these two features of the modern corporation, it is possible to offer a new explanation for the use of royalties in licensing agreements. |
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