Environmental policy on the fixed-fee licensing of eco-technology under foreign penetration

Seung-Leul Kim and Sang-Ho Lee

MPRA Paper from University Library of Munich, Germany

Abstract: This study investigates environmental policy on the fixed-fee licensing strategy of clean eco-technology by an innovator having foreign ownership. We show that near-zero emission taxes accompanied by non-exclusive licensing regulation can improve social welfare when the cost gap is small or foreign penetration is high. However, when foreign ownership is not high, exclusive licensing regulations with an appropriate emission tax policy may improve social welfare.

Keywords: Environmental policy; fixed-fee licensing; eco-technology; foreign penetration (search for similar items in EconPapers)
JEL-codes: D45 L5 (search for similar items in EconPapers)
Date: 2016-05-18
New Economics Papers: this item is included in nep-ene, nep-env and nep-res
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in Economics Bulletin 36.3(2016): pp. 134-140

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:84412

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