Document Type
Article
Publication Date
January 2010
Abstract
We show the impact of technology licensing on optimal patent policy. Strong patent protection that eliminates imitation may not be the equilibrium outcome in the presence of licensing. Depending on the cost of innovation, licensing may either increase or reduce the strength of the patent protection.
Journal Title
Economics Bulletin
Volume
30
Issue
3
Included in
Industrial Organization Commons, Strategic Management Policy Commons, Technology and Innovation Commons