For an outside innovator with a finite number of buyers the innovation, this paper compares two licensing schemes: (i) fixed fee, in which licensee pays fee to and (ii) ad valorem profit royalty, leaves fraction its innovator. We show these schemes are equivalent that for any licenses puts sale, give same revenue. obtain equivalence result general model minimal structure. It is then applied Cou...

The digital revolution has upended many aspects of the copyright system, particularly as it relates to music. Drawing on creative, jurisprudential, technological, and social science insights, this article explores broad range music justice concerns, ranging from file sharing royalty distribution, infringement standards, creation mashups.

Disclosure Statement: Dr. Rothbaum receives research funding and is entitled to sales royalty from and owns equity in Virtually Better, Inc, which is developing products related to the research described in this paper. The terms of this arrangement have been reviewed and approved by Emory University in accordance with its conflict of interest policies.

* Chief Scientist, AIAA Member †Research Engineer, AIAA Member Copyright ©2001 by American Institute of Aeronautics and Astronautics, Inc. No copyright is asserted in the United States under Title 17, U.S. Code. The U.S. Government has a royalty-free license to exercise all rights under the copyright claimed herein for Government Purposes. All other rights are reserved by the copyright owner. A...