axiomatic is that monopolistic market structures can also lead to enhancing public welfare. Emergent trends towards monopolistic …

This paper develops a three-stage model of innovation, fixed-fee licensing and production to evaluate the welfare … an ambiguous effect on total welfare, but it is more likely to increase total welfare in industries which are naturally …. These welfare results hold independently of whether R&D incentives in the absence of licensing favour the leading firm …

prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost … structure. I show that one cannot determine which regulatory instrument that induces the highest expected welfare based on the … significant impact. Finally, either regulatory instrument may induce the highest technology investment levels. …

This paper examines the investment incentives of market-based regulation, with focus on the technology characteristics … supply and strictly convex environmental damage, it is optimal to tax investment in technologies that induce large variance …