Innovation, Licensing and Welfare

In this paper we show the effect of licensing on innovation and social welfare. We show that firms always do non-cooperative research and development (R&D) when there is licensing after R&D, while firms do cooperative R&D in the absence of licensing if cost reduction from R&D is sufficiently small. Licensing reduces welfare when cost reduction from R&D is sufficiently small

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Year of publication:	2015
Authors:	Mukherjee, Arijit
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Innovation \| Lizenz \| Licence \| Wohlfahrtsanalyse \| Welfare analysis

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Extent:	1 Online-Ressource (11 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Manchester School, Vol. 73, No. 1, pp. 29-39, January 2005
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014067693