Participants Wataru Fukumoto, Hiroshima, Japan (Presenter) Nothing to Disclose Kenji Suzuki, PhD, Chicago, IL (Abstract Co-Author) Royalties, General Electric Company; Royalties, Hologic, Inc; Royalties, MEDIAN Technologies; Royalties, Riverain Technologies; Royalties, Toshiba Corporation; Royalties, Mitsubishi Corporation; Research Consultant, Alara Systems; Stockholder, Alara Systems; Researc...

I conducted research to enable the US Minerals Management Service (MMS) to maximize natural gas royalties. MMS is the agency of the US Department of the Interior responsible for managing mineral royalties. As part of managing royalties, MMS decides whether to accept royalties in value (cash payment, RIV) or in kind (physical transfer of gas, RIK). When MMS collects RIK, it also decides how to t...

The ‘Henry tax review’, Australia’s Future Tax System (2010), recommended that royalties be abolished and replaced by a resource rent tax. Regarding abolition, AFTS drew on KPMG Econtech (2010a), a report commissioned by Treasury to investigate the efficiencies of a wide range of Australian taxes, using MM900, a proprietary CGE model. That report estimated that the average excess burden (AEB) o...

In a model where two competing downstream firms establish an input joint venture (JV), we analyze how different royalty rules for covering fixed costs affect channel profits. Under running royalties (regardless of whether based on predicted or actual output), the downstream firms’ perceived marginal costs are above the true marginal costs since fixed costs are incorporated. We find that tougher...

RESUMEN. El tratamiento de los recursos naturales no reproducibles en el contexto de la Teoría Económica Clásica es objeto de un intenso debate en la actualidad. Concretamente, existen diversas opiniones sobre si es adecuado utilizar la noción de precios naturales o de producción clásicos para el análisis de los precios de estos recursos naturales (royalties) y también se han propuesto varios p...

We develop a model, based on asymmetric information, which provides a rational explanation for the persistent use of royalties alongside equity in university technology transfer. The model shows how royalties, through their value destroying distortions, can act as a screening tool that allows a less informed principal, such as the university’s Technology Transfer Office (TTO), to elicit private...