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Bargaining in Patent Licensing Negotiations under Stochastic Environments : An Experimental Study
Joint Authors
Source
Mathematical Problems in Engineering
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-7, 7 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-03-04
Country of Publication
Egypt
No. of Pages
7
Main Subjects
Abstract EN
Experiments of a bargaining game between licensors and licensees were conducted.
The main treatment is to introduce a “second-chance” negotiation for licensors in a context of ultimatum game.
The experimental results reveal that the introduction of the “second-chance” negotiation for licensors has significant impacts on behaviors of the licensors and licensees.
This “second-chance” negotiation for licensors essentially increases the average offers made by the licensees, expected willingness-to-accept of the licensors, and offers accepted by the licensors.
The market efficiency of patent transaction is improved since the rates of acceptance are strikingly raised.
The licensors would be the main beneficiary with this additional opportunity.
American Psychological Association (APA)
Yang, Yi-Nung& Chiu, Yu-Jing. 2014. Bargaining in Patent Licensing Negotiations under Stochastic Environments : An Experimental Study. Mathematical Problems in Engineering،Vol. 2014, no. 2014, pp.1-7.
https://search.emarefa.net/detail/BIM-512950
Modern Language Association (MLA)
Yang, Yi-Nung& Chiu, Yu-Jing. Bargaining in Patent Licensing Negotiations under Stochastic Environments : An Experimental Study. Mathematical Problems in Engineering No. 2014 (2014), pp.1-7.
https://search.emarefa.net/detail/BIM-512950
American Medical Association (AMA)
Yang, Yi-Nung& Chiu, Yu-Jing. Bargaining in Patent Licensing Negotiations under Stochastic Environments : An Experimental Study. Mathematical Problems in Engineering. 2014. Vol. 2014, no. 2014, pp.1-7.
https://search.emarefa.net/detail/BIM-512950
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-512950