Why some product innovations are licensed and others are not?

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dc.contributor.affiliationUniversidade de Santiago de Compostela. Departamento de Fundamentos da Análise Económicagl
dc.contributor.authorAntelo Suárez, Manel
dc.contributor.authorBru Martínez, Lluis
dc.date.accessioned2023-03-15T13:41:56Z
dc.date.available2023-03-15T13:41:56Z
dc.date.issued2023
dc.description.abstractWe study in a Stackelberg industry the licensing of a product that embodies an innovation (quality-improving product) whose owner may be the firm that plays as a leader or a follower in setting output in the the product market. We find that the innovation is transferred (and social welfare is reduced) if its owner is the market-leader firm. However, if the innovation is in the hands of the market-follower firm, it is not licensed, even though licensing would be welfare enhancing. Thus, subsidizing R&D with the mandatory licensing of the resulting innovation may be a socially desirable policygl
dc.description.peerreviewedSIgl
dc.description.sponsorshipFinancial aid from the Xunta de Galicia (Grant Consolidación e Estruturación – 2019 GRC GI-2060) and from the Spanish Ministry of Science and Innovation (Grant ECO2017-86305-C4-1-R) is acknowledgedgl
dc.identifier.citationResearch in Economics 77 (2023). https://doi.org/10.1016/j.rie.2023.02.001gl
dc.identifier.doi10.1016/j.rie.2023.02.001
dc.identifier.issn1090-9443
dc.identifier.urihttp://hdl.handle.net/10347/30320
dc.language.isoenggl
dc.publisherElseviergl
dc.relation.projectIDinfo:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2013-2016/ECO2017-86305-C4-1-R/ES/ESTRATEGIAS DE NEGOCIO Y COMPETITIVIDAD: MODELOS SOSTENIBLESgl
dc.relation.publisherversionhttps://doi.org/10.1016/j.rie.2023.02.001gl
dc.rights©2023 The Author(s). Published by Elsevier Ltd on behalf of University of Venice. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)gl
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internacional
dc.rights.accessRightsopen accessgl
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectProduct innovationgl
dc.subjectLicensinggl
dc.subjectPer-unit and ad-valorem royaltiesgl
dc.subjectMarket leader and market followergl
dc.subjectWelfaregl
dc.titleWhy some product innovations are licensed and others are not?gl
dc.typejournal articlegl
dc.type.hasVersionVoRgl
dspace.entity.typePublication
relation.isAuthorOfPublicationce14256d-4eea-45f0-8029-515d1ac77268
relation.isAuthorOfPublication.latestForDiscoveryce14256d-4eea-45f0-8029-515d1ac77268

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