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Licensing and Patent Protection

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Author Info

  • Aniruddha Bagchi

    () (Kennesaw State University, USA)

  • Arijit Mukherjee

    () (University of Nottingham, UK)

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.

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File URL: http://www.accessecon.com/Pubs/EB/2010/Volume30/EB-10-V30-I3-P184.pdf
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Bibliographic Info

Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 30 (2010)
Issue (Month): 3 ()
Pages: 2010-2016

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Handle: RePEc:ebl:ecbull:eb-10-00303

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Related research

Keywords: Patent protection; Technology licensing; Welfare;

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