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We analyze licensing of a cost reducing innovation to an oligopolistic industry, and extend previous work by Kamien and Tauman (1986) and Katz and Shapiro (1986) in two directions. First, our analysis applies to a wider class of demand functions than linear ones. Second, we derive a simple optimal licensing mechanism for the patentee. We also examine three… (More)

We consider a situation in which an agent M (the “maven”) possesses information relevant to the players of an n-person game in which he is not a participant. We define the “inducible set” as the set of ah outcomes which can be made unique Nash equilibria of a game resulting from the maven’s transmission of information. This inducible set is a formal… (More)

- M B Garman, M I Kamien
- Behavioral science
- 1968

In this paper we tie together the two literatures of durable goods monopoly and exhaustible resource pricing. We show that the intertemporal no-arbitrage condition that arises if the durable good monopolist seller can commit to a price path mirrors the intertemporal no-arbitrage condition if the monopsonist buyer of an exhaustible resource can commit to a… (More)

- M I Kamien
- Science
- 1979

A close reading of Hotelling's famous article on exhaustible resources reveals the following passage: 'If a mine-owner produces too rapidly, he will depress the price, perhaps to zero. If he produces too slowly, his profits, though larger, may be postponed farther into the future than the rate of interest warrants. Where is hisgolden mean? And how does this… (More)

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