Mukherjee, Arijit; Tsai, Yingyi - In: Journal of Economics 108 (2013) 3, pp. 231-247
This paper examines the role of government policy in technology licensing decision. We show that both the outside and the inside innovators license a new product (or drastic process innovation) to all potential licensees in the presence of tax/subsidy policies. An implication of our analysis is...