Title :
Research on service patent licensing risk under asymmetric information
Author :
Xin, Wong ; Yuanhua, Jia ; Xiaofei, Ma
Author_Institution :
Sch. of Transp., Beijing Jiaotong Univ., Beijing, China
Abstract :
The existence of asymmetric information makes the process of the patent license become a game process among the participants. This article studies the moral risk which patentees will face when the licensed patent is service patent, puts the emphasis on the risking relations between the patentees and the inventors, designs an optimal incentive mechanism for the inventors using principal-agent theory, sets up a model, analyzes the impact imposed by risk attitude, inventor´s effort cost and other factors on the model, draws some conclusions that the patentees cannot hold the more conservative attitudes towards the risk, and so on.
Keywords :
game theory; patents; risk analysis; asymmetric information; game process; licensed patent; moral risk; optimal incentive mechanism; principal agent theory; risk attitude; service patent licensing risk; Books; Continuing education; Contracts; Costs; Ethics; Game theory; Licenses; Risk analysis; Transportation; Uncertainty; Asymmetric Information; Principal-agent Model; Risk; Service Patent Licensing;
Conference_Titel :
Industrial Engineering and Engineering Management, 2009. IE&EM '09. 16th International Conference on
Conference_Location :
Beijing
Print_ISBN :
978-1-4244-3671-2
Electronic_ISBN :
978-1-4244-3672-9
DOI :
10.1109/ICIEEM.2009.5344545