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Pedro Mendi and Rodrigo Costamagna
''Exchange rate uncertainty and international technology transfer''
( 2014, Vol. 34 No.1 )
We propose an incomplete contract model of licensing of a cost-reducing technology. We incorporate exchange rate uncertainty and analyze its impact on the parties' investment and licensing decisions. We show that exchange rate uncertainty introduces a distortion in the parties' specific investment decisions and could even prevent the transfer from taking place.
Keywords: Technology transfer; Licensing; Uncertainty.
JEL: O3 - Technological Change; Research and Development: General
Manuscript Received : Jan 10 2014 Manuscript Accepted : Mar 31 2014

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