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62 IDEA 147 (2022)
Applying the Nash Bargaining Solution for a Reasonable Royalty

handle is hein.journals/idea62 and id is 157 raw text is: 147 APPLYING THE NASH BARGAINING SOLUTION FOR A REASONABLE ROYALTY DAVID M. KRYSKOWSKI AND DAVID KRYSKOWSKI * I. Introduction ............................................ 148 II. Elements of a Licensing Bargain ............ 152 A. Operating Revenue................................. 153 B. Operating Cost...................................... 153 C. Operating Income ..................................153 D.Royalty ............................................... 153 E.Di sagreement Payoffs.............................. 154 F. Bargaining Weight.................................. 155 III. The Asymmetric Nash Bargaining Solution 155 IV. Normalized Royalty Model....................... 158 V. Estimation of the Bargaining Weight.......159 A. The Original Nash Bargaining Solution ...161 VI. Discussion............................................ 162 A. Estimation of Bargaining Strengths Independent of the Disagreement Payoffs......162 Number of Competitors as Strength ........... 162 Market Share as Strength........................ 163 Life of the Patent as Strength................... 164 * D.M. Kryskowski would like to thank Professors Li Way Lee and Vitor Kamada of Wayne State University for their encouragement in pursuing this topic. The author would also liketo thank Professor J.J. Prescott of the University of Michigan Law School for sparking the author's interest in Law & Economics. Volume 62 - Number 2

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