Licensing under Asymmetric information
AbstractIn a world with private information about the quality of technology we find that there are situations where relatively more technologically superior firm will license its technology but relatively less technologically superior firm will not license its technology. This finding is opposite to the result found on licensing under complete information. Further, we show that under incomplete information welfare could be higher than under complete information.
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Bibliographic InfoPaper provided by EconWPA in its series Industrial Organization with number 0211007.
Length: 18 pages
Date of creation: 05 Nov 2002
Date of revision:
Note: Type of Document - pdf; prepared on pc; pages: 18
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Asymmetric information; Licensing; Welfare;
Other versions of this item:
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property Rights
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-11-10 (All new papers)
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