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- Title
TECHNOLOGY TRANSFER UNDER RETURNS TO SCALE.
- Authors
SEN, DEBAPRIYA; STAMATOPOULOS, GIORGOS
- Abstract
In this paper we consider the licensing of a cost-reducing innovation by an outside innovator that uses optimal combinations of upfront fees and royalties in a Cournot duopoly characterized by non-constant returns to scale. The main conclusion of our theoretical analysis is that incidence of positive royalties and diffusion of innovations are both inversely related to economies of scale. Our analysis provides a plausible explanation of the variation of licensing policies across industries.
- Subjects
TECHNOLOGICAL innovations; DIFFUSION of innovations; ECONOMIES of scale; DIMINISHING returns; TECHNOLOGY transfer; INDUSTRIAL research; INDUSTRIAL laws &; legislation; ECONOMICS
- Publication
Manchester School (1463-6786), 2009, Vol 77, Issue 3, p337
- ISSN
1463-6786
- Publication type
Article
- DOI
10.1111/j.1467-9957.2009.02100.x