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Working paper
Why do royalties reign in the market for technology?
Publisher
Royalties
Contracts
Market structure
Innovation
Australia
Resources
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 Why do royalties reign in the market for technology?
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689.4 KB |
Description
It is unclear why royalties are the dominant mode of payment in contracts over the trade of pre-commercial technology. In this paper, the authors evaluate possible reasons for including royalties in a contract using a dataset of 645 contracts. This data shows systematic differences between the behaviour of university TTOs and private sellers even after controlling for attributes of the technology and trading partner. There is evidence that transaction costs influence the mode of payment but the presence of royalties is associated with more, not less, negotiation breakdown.
Publication Details
Copyright:
Swinburne University of Technology 2018
Access Rights Type:
open
Series:
Working Paper 1/18
Post date:
9 Aug 2018
