Does licensing promote innovation?

Risultato della ricerca: Contributo in rivistaArticolo in rivista

2 Citazioni (Scopus)

Abstract

We analyse the impact of licensing on the equilibrium amount of cost-reducing innovation under several licensing mechanisms in the case of a duopoly model with heterogeneous firms. Under a wide class of licensing mechanisms, we find that as product substitutability increases, the possibility of higher innovation under licensing compared to no licensing decreases. Therefore, firms’ heterogeneity is crucial to assess whether licensing incentivizes or not R&D cost-reducing investments.
Lingua originaleEnglish
pagine (da-a)206-221
Numero di pagine16
RivistaECONOMICS OF INNOVATION AND NEW TECHNOLOGY
Stato di pubblicazionePubblicato - 2020

Keywords

  • Licensing

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