Levy, Nadav - In: International Journal of Industrial Organization 30 (2012) 2, pp. 204-216
technology sharing are compared: a research joint venture (RJV) and licensing. Under licensing, firms can use the licensing fee … a broad set of cases, licensing yields higher collusive profits to firms and higher prices to consumers. In other cases …, licensing can only be induced through a very high license fee, leading to excessive R&D and lower profits. In these cases, the …