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| Seung-leul Kim and Sang-ho Lee |
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| ''Environmental policy on the fixed-fee licensing of eco-technology under foreign penetration'' |
| ( 2016, Vol. 36 No.3 ) |
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| This study investigates environmental policy on the fixed-fee licensing strategy of clean eco-technology by an innovator having foreign ownership. We show that near-zero emission taxes accompanied by non-exclusive licensing regulation can improve social welfare when the cost gap is small or foreign penetration is high. However, when foreign ownership is not high, exclusive licensing regulations with an appropriate emission tax policy may improve social welfare. |
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| Keywords: eco-technology; fixed-fee licensing; foreign penetration; non-exclusive licensing; exclusive licensing |
JEL: L1 - Market Structure, Firm Strategy, and Market Performance: General
D4 - Market Structure and Pricing: General |
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| Manuscript Received : May 18 2016 | | Manuscript Accepted : Jul 14 2016 |
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