Licensing and innovation: a comment

Stefano Colombo, Luigi Filippini

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

According to Chang et al. (2013), social welfare under licensing is lower than under no-licensing if the R&D efficiency is high. We show that this result is not correct, as when R&D efficiency is high social welfare is higher under licensing than under no-licensing.
Original languageEnglish
Pages (from-to)353-356
Number of pages4
JournalEconomics Letters
DOIs
Publication statusPublished - 2014

Keywords

  • licensing

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