Inventor Moral Hazard in University Licensing: The Role of Contracts
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We examine commonly observed forms of payment, such as milestones, royalties, or consulting contracts as ways of engaging inventors in the development of licensed inventions. Our theoretical model shows that when milestones are feasible, royalties are not optimal unless the licensing firm is risk
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美国国家经济研究局创建时间：
2008-08-01
