Technology licensing under optimal tax policy |
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Authors: | Arijit Mukherjee Yingyi Tsai |
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Institution: | 1. University of York, Heslington, York, UK 2. CESifo, Munich, Germany 3. Department of Applied Economics, National University of Kaohsiung, Kaohsiung, 811, Taiwan
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Abstract: | This paper examines the role of government policy in technology licensing decision. We show that both the outside and the inside innovators license a new product (or drastic process innovation) to all potential licensees in the presence of tax/subsidy policies. An implication of our analysis is that a monopolist producer may prefer technology licensing in a homogeneous goods industry. Our results also provide a rationale for franchising to multiple sellers. |
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