Exchange rate uncertainty and international technology transfer

Rodrigo Costamagna

No 03/2010, NCID Working Papers from Navarra Center for International Development, University of Navarra

Abstract: We propose an incomplete contract model of licensing of a cost-reducing technolosgu. We incorporate exchange rate uncertaintu and analyze its impact on the parties' investment and licensing decisions. Exchange rate fluctuations introduce a distortion between the licensor and the licensee's value for the technology. We show that the exchange rate uncertaintu introduces a distortion in the parties' specific investment decisions and could prevet the transfer from taking place.

Keywords: technology transfer; liscensing; exchange rates (search for similar items in EconPapers)
JEL-codes: F31 L24 O33 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2010-12
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Persistent link: https://EconPapers.repec.org/RePEc:nva:unnvaa:wp03-2010

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