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Aniruddha Bagchi and Arijit Mukherjee
''Licensing and Patent Protection''
( 2010, Vol. 30 No.3 )
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.
Keywords: Patent protection; Technology licensing; Welfare
JEL: L1 - Market Structure, Firm Strategy, and Market Performance: General
O3 - Technological Change; Research and Development: General
Manuscript Received : May 07 2010 Manuscript Accepted : Jul 30 2010

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