Exchange rate uncertainty and international technology transfer

Pedro Mendi and Rodrigo Costamagna ()
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Rodrigo Costamagna: IESE, Universidad de Navarra

Economics Bulletin, 2014, vol. 34, issue 1, 551-557

Abstract: We propose an incomplete contract model of licensing of a cost-reducing technology. We incorporate exchange rate uncertainty and analyze its impact on the parties' investment and licensing decisions. We show that exchange rate uncertainty introduces a distortion in the parties' specific investment decisions and could even prevent the transfer from taking place.

Keywords: Technology transfer; Licensing; Uncertainty. (search for similar items in EconPapers)
JEL-codes: O3 (search for similar items in EconPapers)
Date: 2014-03-31
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