Antitrust & Competition Policy Blog

Editor: D. Daniel Sokol
University of Florida
Levin College of Law

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Thursday, June 13, 2013

The Shapley value as a guide to FRAND licensing agreements

Posted by D. Daniel Sokol

Pierre Dehez and Sophie Poukens, University of Louvain discusses The Shapley value as a guide to FRAND licensing agreements.

ABSTRACT: We consider the problem of specifying Fair, Reasonable And Non-Discriminatory agreements faced by standard-setting organizations. Along with Layne-Farrar, Padilla and Schmalensee (2007), we model the problem as a cooperative game with transferable utility, allowing for patents to be weak in the sense that they have substitutes. Assuming that a value has been assigned to weak patents, we obtain a formula for the Shapley value that gives an insight into what FRAND agreements should look like.

http://lawprofessors.typepad.com/antitrustprof_blog/2013/06/the-shapley-value-as-a-guide-to-frand-licensing-agreements.html

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