Market structure and technology licensing: evidence from US manufacturing

Youngjun Kim

Applied Economics Letters, 2004, vol. 11, issue 10, 631-637

Abstract: This paper empirically investigates how market structure, including firm- and industry-level variables, influences the incentives of companies to license out their technology. Empirical analysis is provided with the help of a panel data set of observed licensing transactions worldwide involving manufacturing companies publicly traded in the USA. The findings show that dominant firms with bigger market shares are actively involved in granting technology licenses. It was also found that company's prior involvement in licensing, the concentration and the market size of its primary industry, and the propensity to receive patents (i.e. strength of the intellectual property protection) in that industry are important determinants of the propensity to transfer technology through licensing agreements. Results suggest that transaction costs, strategic considerations, and knowledge appropriability weigh in heavily in explaining firms' licensing behaviour.

Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:11:y:2004:i:10:p:631-637

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/1350485042000235675

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().