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• W2060242501 abstract "This paper sets up a three-stage (R&D, technology licensing, and output) oligopoly game in which only one of the firms undertakes a cost-reducing R&D and may license the developed technology to the others by means of a two-part tariff (i.e., a per-unit royalty and an upfront fee) contract. It is found with surprise that if the licensor firm’s R&D efficiency is high, the availability of licensing subdues the firm’s R&D incentive, leading to a lower social welfare level. This result implies that a government has to be cautious when encouraging technology licensing among firms." @default.
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• W2060242501 date "2013-02-01" @default.
• W2060242501 modified "2023-10-12" @default.
• W2060242501 title "Technology licensing, R&D and welfare" @default.
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• W2060242501 doi "https://doi.org/10.1016/j.econlet.2012.11.016" @default.
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