This paper, in a duopoly market, investigates the impact of strategic delegation behaviors of firms owners on the optimal licensing policy for the licensor under auction mechanism.

And the new patent licensing policy introduced by MPEG-4 is considered to be too harsh and unacceptable. Many such reasons urgently need a new audio video coding standard to be introduced.

These results of university licensing have been noted with great interest by local communities, state legislatures, the US Congress, and many policy-makers abroad.