This research analyzes optimal licensing mechanisms in an environment characterized by uncertainty and risk aversion. We develop a licensing model with an upstream licensor and downstream licensees where the downstream players are characterized by differential attitudes towards risk. We find that the licensor chooses to license a drastic innovation to both parties if demand uncertainty is high and the potential licensees are not too dissimilar in their attitudes towards risk.
0511: Economic theory
Identifier / keyword
Social sciences; Licensing; Optimal licensing; Risk aversion; Uncertainty
Uncertainty, risk aversion and optimal licensing mechanisms
DAI-A 66/10, Dissertation Abstracts International
Place of publication
Country of publication
Kovenock, Daniel J.
United States -- Indiana
Dissertations & Theses
ProQuest document ID
Database copyright ProQuest LLC; ProQuest does not claim copyright in the individual underlying works.