INNOVATION, LICENSING AND WELFARE*

Arijit Mukherjee

Manchester School, 2005, vol. 73, issue 1, 29-39

Abstract: 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.

Date: 2005
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Citations: View citations in EconPapers (17)

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https://doi.org/10.1111/j.1467-9957.2005.00422.x

Related works:
Working Paper: Innovation, Licensing and Welfare (2002)
Working Paper: Innovation, Licensing and Welfare (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:bla:manchs:v:73:y:2005:i:1:p:29-39

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