| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5058985 | Economics Letters | 2014 | 4 Pages |
Abstract
â¢We consider the impact of licensing on social welfare with endogenous innovation.â¢We show that Chang et al. (2013) result is not correct.â¢Indeed, when R&D efficiency is high social welfare is increased by licensing.
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Stefano Colombo, Luigi Filippini,