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.

Colombo, S., Filippini, L., Licensing and innovation: comment, <<ECONOMICS LETTERS>>, 2014; (Gennaio): 353-356 [http://hdl.handle.net/10807/71938]

Licensing and innovation: comment

Colombo, Stefano;Filippini, Luigi
2014

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.
Inglese
Colombo, S., Filippini, L., Licensing and innovation: comment, <>, 2014; (Gennaio): 353-356 [http://hdl.handle.net/10807/71938]
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/10807/71938
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