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Max Planck Institute for Research on Collective Goods, Bonn >
Preprints of the Max Planck Institute for Research on Collective Goods >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/32238
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Burhop, Carsten | | en_US |
| dc.contributor.author | | Lübbers, Thorsten | | en_US |
| dc.date.accessioned | | 2009-09-17 | | en_US |
| dc.date.accessioned | | 2010-05-14T12:02:08Z | | - |
| dc.date.available | | 2010-05-14T12:02:08Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/32238 | | - |
| dc.description.abstract | | We investigate a sample of 180 technology licensing contracts closed by German chemical, pharmaceutical, and electrical engineering companies between 1880 and 1913. A regression analysis shows that licensing contracts closed before a patent was granted and contracts closed between firms and individual inventors had a higher probability of including a profit-sharing clause. This supports Jensen and Thursby's (2001) model, who propose equity-sharing licensing contracts to solve moral hazard problems. Moreover, we show that milestones were a substitute for profit shares. Furthermore, exclusive licences offered a significantly higher profit share to the licensor. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Max Planck Inst. for Research on Collective Goods Bonn | | en_US |
| dc.relation.ispartofseries | | Preprints of the Max Planck Institute for Research on Collective Goods 2009,25 | | en_US |
| dc.subject.jel | | N83 | | en_US |
| dc.subject.jel | | O32 | | en_US |
| dc.subject.jel | | L14 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Economic History | | en_US |
| dc.subject.keyword | | Germany | | en_US |
| dc.subject.keyword | | pre-1913 | | en_US |
| dc.subject.keyword | | Licensing contracts | | en_US |
| dc.subject.keyword | | Technology transfer | | en_US |
| dc.title | | The historical market for technology licenses: chemicals, pharmaceuticals, and electrical engineering in imperial Germany | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 608966142 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Preprints of the Max Planck Institute for Research on Collective Goods
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