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Licensing and innovation: A comment

Stefano Colombo () and Luigi Filippini ()

Economics Letters, 2014, vol. 125, issue 3, 353-356

Abstract: According to Chang et al. (2013), social welfare under licensing is lower than under no-licensing if the R&D efficiency is high. We show that this result is not correct, as when R&D efficiency is high social welfare is higher under licensing than under no-licensing.

Keywords: Patent licensing; Innovation; Social welfare (search for similar items in EconPapers)
JEL-codes: D45 (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1016/j.econlet.2014.09.036

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