R&D incentives to cooperate and invest with licensing

Autor:	Carlo Capuano, Iacopo Grassi
Přispěvatelé:	Capuano, Carlo, Grassi, Iacopo
Rok vydání:	2020
Předmět:	Innovation licensing R&D cooperation R&D expenditure Competition (economics) Microeconomics Incentive Management of Technology and Innovation 0502 economics and business 05 social sciences Business 050207 economics General Economics Econometrics and Finance 050203 business & management
Zdroj:	Economics of Innovation and New Technology. 31:539-551
ISSN:	1476-8364 1043-8599
DOI:	10.1080/10438599.2020.1841941
Popis:	In this paper, we evaluate the private incentive to cooperate comparing three different scenarios (R&D cooperation, and R&D competition with and without licensing), in terms of expected profits, industry probability of innovation, and expected welfare. We show that the feasibility of licensing increases the appropriability of returns and may stimulate R&D investment; moreover, licensing an innovation may lead to the highest social welfare. However, some conflict may emerge between the public and private incentive to license the innovation, and between different policy targets.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::373f2cbe40ef5097e66ede3e8cf75324 https://doi.org/10.1080/10438599.2020.1841941 Zobrazit plný text záznamu