Does technology licensing matter for privatization?

Leonard F. S. Wang, Arijit Mukherjee and Chenhang Zeng

Journal of Public Economic Theory, 2020, vol. 22, issue 5, 1462-1480

Abstract: In mixed oligopolies, technology licensing from a cost‐efficient firm to a cost‐inefficient firm has been widely observed. This paper examines the relationship between privatization and licensing (by public or private firms) with the consideration of either a domestic or a foreign private firm. We find that (a) in the case of a domestic private firm, public licensing facilitates privatization, but private licensing hinders privatization; (b) in the case of a foreign private firm, both public and private licensing facilitate privatization. Our results yield important policy implications on privatization.

Date: 2020
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