The historical market for technology licenses: chemicals, pharmaceuticals, and electrical engineering in imperial Germany

Arbeitspapier

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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Preprints of the Max Planck Institute for Research on Collective Goods ; No. 2009,25

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Micro-Business History: Europe: Pre-1913 ; Management of Technological Innovation and R&D ; Transactional Relationships; Contracts and Reputation; Networks
• Thema: Economic History ; Germany ; pre-1913 ; Licensing contracts ; Technology transfer

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Burhop, Carsten ; Lübbers, Thorsten
• Ereignis: Veröffentlichung
• (wer): Max Planck Institute for Research on Collective Goods
• (wo): Bonn
• (wann): 2009

Weitere Informationen

• Handle: http://hdl.handle.net/10419/32238
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ