, prices and welfare, even if such a firms faces additional costs. …

We compare the social welfare generated by a domestic government in the two types of policy setups: a "commitment … "non-committed" government achieves generally a higher level of welfare and levies a lower optimal tariff than the …

always has negative welfare effects. In particular, it decreases not only the profit (producer surplus) of both the Northern … and the Southern firms, but also the consumer surplus in both countries, and, consequently, it lowers social welfare in …

This paper examines how the option for licensing affects research and development (R&D) and social welfare. We find … for licensing increases social welfare is ambiguous. If the possibility of licensing increases probability of success in R …&D significantly then welfare is higher in presence of licensing. …

In a world with private information about the quality of technology we find that there are situations where relatively … more technologically superior firm will license its technology but relatively less technologically superior firm will not … license its technology. This finding is opposite to the result found on licensing under complete information. Further, we show …

of licensing on R&D and social welfare. We show that the effect of licensing on the incentive for doing R&D is ambiguous … innovating firm. However, we find that social welfare is non- decreasing in presence of licensing. …