English
This paper investigates the determinants of transaction costs on technological markets. It shows that product monitoring is related to the nature of the licensed resources and to the characteristics of the institutional environment. Its proposed theoretical framework is then tested on a database of 553 international licensing agreements provided by France’s national intellectual property office, the National Industrial Property Institute (INPI). Key results highlight the importance of the civil liability of the partners as well as the complex impact of the transferred resources on the monitoring policies.
Keywords
- Technology Licensing
- Intellectual Property Rights
- Monitoring
- Transaction Costs