Licensing and the Incentive for Innovation

Previous literature has mostly considered R&D and licensing activities separately. In this paper we examine the effect of licensing on R&D and social welfare. We show that the effect of licensing on the incentive for doing R&D is ambiguous and depends on the costs of doing R&D. We also show that the possibility of licensing can change the identity of the innovating firm. However, we find that social welfare is non- decreasing in presence of licensing.

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Year of publication:	2002-11-05
Authors:	Mukherjee, Arijit ; Mukherjee, Soma
Institutions:	EconWPA
Subject:	Licensing \| R&D \| Welfare

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Extent:	application/pdf
Series:	Industrial Organization.
Type of publication:	Book / Working Paper
Notes:	Type of Document - pdf; prepared on pc; pages: 23 23 pages
Classification:	D43 - Oligopoly and Other Forms of Market Imperfection ; L13 - Oligopoly and Other Imperfect Markets ; O34 - Intellectual Property Rights: National and International Issues
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005412874