Licensing and Patent Protection
نویسندگان
چکیده
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. We thank an anonymous referee for helpful comments and suggestions. The usual disclaimer applies. Citation: Aniruddha Bagchi and Arijit Mukherjee, (2010) ''Licensing and Patent Protection'', Economics Bulletin, Vol. 30 no.3 pp. 20102016. Submitted: May 07 2010. Published: July 30, 2010.
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