IDEAS home Printed from https://ideas.repec.org/a/taf/bushst/v54y2012i4p574-593.html
   My bibliography  Save this article

The design of licensing contracts: Chemicals, pharmaceuticals, and electrical engineering in imperial Germany

Author

Listed:
  • Carsten Burhop
  • Thorsten Lübbers

Abstract

The article investigates a sample of 180 technology licensing contracts closed by German chemical, pharmaceutical, and electrical engineering companies between 1880 and 1913. The empirical results suggest that strategic behaviour is relevant for the design of licensing contracts, whereas inventor moral hazard and risk aversion of licensor or licensee seem to be less important. Moreover, the results suggest that uncertainty regarding the profitability of licensed technology influenced the design of licensing contracts. More specifically, profit-sharing agreements or producer milestones were often included in licensing contracts to solve this kind of problem.

Suggested Citation

  • Carsten Burhop & Thorsten Lübbers, 2012. "The design of licensing contracts: Chemicals, pharmaceuticals, and electrical engineering in imperial Germany," Business History, Taylor & Francis Journals, vol. 54(4), pages 574-593, January.
    • Handle: RePEc:taf:bushst:v:54:y:2012:i:4:p:574-593
    DOI: 10.1080/00076791.2012.683414
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00076791.2012.683414
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00076791.2012.683414?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Naomi R. Lamoreaux & Daniel M. G. Raff & Peter Temin, 1999. "Learning by Doing in Markets, Firms, and Countries," NBER Books, National Bureau of Economic Research, Inc, number lamo99-1.
    2. Naomi R. Lamoreaux & Daniel Raff & Peter Temin, 1999. "Introduction to "Learning by Doing in Markets, Firms, and Countries"," NBER Chapters, in: Learning by Doing in Markets, Firms, and Countries, pages 1-18, National Bureau of Economic Research, Inc.
    3. Kocka, Jürgen, 1969. "Unternehmensverwaltung und Angestelltenschaft am Beispiel Siemens 1847-1914: zum Verhältnis von Kapitalismus und Bürokratie in der deutschen Industrialisierung," EconStor Books, ZBW - Leibniz Information Centre for Economics, volume 11, number 112643, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Stefano Colombo & Luigi Filippini, 2016. "Revenue royalties," Journal of Economics, Springer, vol. 118(1), pages 47-76, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Diwas Singh KC & Bradley R. Staats, 2012. "Accumulating a Portfolio of Experience: The Effect of Focal and Related Experience on Surgeon Performance," Manufacturing & Service Operations Management, INFORMS, vol. 14(4), pages 618-633, October.
    2. Arjan van Rooij, 2012. "Claim and control: The functions of patents in the example of Berkel , 1898--1948," Business History, Taylor & Francis Journals, vol. 54(7), pages 1118-1141, October.
    3. Andrew Alexander, 2015. "Decision-making authority in British supermarket chains," Business History, Taylor & Francis Journals, vol. 57(4), pages 614-637, June.
    4. Ben Fine, 1999. "New and Improved: Economics' Contribution to Business History," Working Papers 93, Department of Economics, SOAS University of London, UK.
    5. Rojas, Angela Milena, 2007. "Cliometría: Una comunidad científica en el pseudo-mercado del conocimiento (1957-2006)," Revista Lecturas de Economía, Universidad de Antioquia, CIE, May.
    6. Gianni Guastella & Frank G. van Oort, 2015. "Regional Heterogeneity and Interregional Research Spillovers in European Innovation: Modelling and Policy Implications," Regional Studies, Taylor & Francis Journals, vol. 49(11), pages 1772-1787, November.
    7. Giovanni Guastella & Frank van Oort, 2011. "On specifying heterogeneity in knowledge production functions," ERSA conference papers ersa11p1114, European Regional Science Association.
    8. Gerben Bakker, 2005. "The decline and fall of the European film industry: sunk costs, market size, and market structure, 1890–1927," Economic History Review, Economic History Society, vol. 58(2), pages 310-351, May.
    9. Bottomley, Sean, 2014. "Patents and the first industrial revolution in the United States, France and Britain, 1700-1850," IAST Working Papers 14-14, Institute for Advanced Study in Toulouse (IAST).
    10. Charlie Karlsson, 2011. "Clusters, Networks and Creativity," Chapters, in: David Emanuel Andersson & Åke E. Andersson & Charlotta Mellander (ed.), Handbook of Creative Cities, chapter 5, Edward Elgar Publishing.
    11. Philipp Ager & Markus Brueckner, 2018. "Immigrants' Genes: Genetic Diversity And Economic Development In The United States," Economic Inquiry, Western Economic Association International, vol. 56(2), pages 1149-1164, April.
    12. Hugo van Driel & Irma Bogenrieder, 2009. "Memory and learning: Selecting users in the port of Rotterdam, 1883-1900," Business History, Taylor & Francis Journals, vol. 51(5), pages 649-667.
    13. Petra Moser & Tom Nicholas, 2013. "Prizes, Publicity and Patents: Non-Monetary Awards as a Mechanism to Encourage Innovation," Journal of Industrial Economics, Wiley Blackwell, vol. 61(3), pages 763-788, September.
    14. Emek Basker & Shawn Klimek & Pham Hoang Van, 2012. "Supersize It: The Growth of Retail Chains and the Rise of the “Big‐Box” Store," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 21(3), pages 541-582, September.
    15. Benjamin Lev, 1999. "Book Reviews," Interfaces, INFORMS, vol. 29(4), pages 117-122, August.
    16. Fabio Panetta & Fabiano Schivardi & Matthew Shum, 2009. "Do Mergers Improve Information? Evidence from the Loan Market," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(4), pages 673-709, June.
    17. Anelí Bongers, 2017. "Learning and forgetting in the jet fighter aircraft industry," PLOS ONE, Public Library of Science, vol. 12(9), pages 1-19, September.
    18. Ryan, Michael P., 2010. "Patent Incentives, Technology Markets, and Public-Private Bio-Medical Innovation Networks in Brazil," World Development, Elsevier, vol. 38(8), pages 1082-1093, August.
    19. Cesaroni, Fabrizio, 2004. "Technological outsourcing and product diversification: do markets for technology affect firms' strategies?," Research Policy, Elsevier, vol. 33(10), pages 1547-1564, December.
    20. David Prentice, 2012. "The rise of the US Portland cement industry and the role of public science," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), vol. 6(2), pages 163-192, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:bushst:v:54:y:2012:i:4:p:574-593. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/FBSH20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.