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- W3148439213 abstract "This paper studies the impact of innovation spillover and licensing on optimal ex-post privatization policies by involving an exogenous R&D activity in a partial-equilibrium international duopoly setting. By assuming a domestic public firm is relatively inefficient compared to its foreign private rival, we characterize and discuss optimal privatization policies under both foreign private and domestic public innovation. The theoretical results suggest that foreign private (domestic public) innovation, including both spillover and licensing, reduces (increases) the optimal degree of ex-post privatization. In addition, innovation spillover and licensing have the same impact direction on privatization policies. The numerical evidence supports these theoretical findings." @default.
- W3148439213 created "2021-04-13" @default.
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- W3148439213 date "2019-01-01" @default.
- W3148439213 modified "2023-09-24" @default.
- W3148439213 title "Innovation spillover, licensing, and ex-post privatization in international duopoly" @default.
- W3148439213 hasPublicationYear "2019" @default.
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