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| Pedro Mendi and Rodrigo Costamagna |
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| ''Exchange rate uncertainty and international technology transfer'' |
| ( 2014, Vol. 34 No.1 ) |
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| 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. |
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| Keywords: Technology transfer; Licensing; Uncertainty. |
JEL: O3 - Technological Change; Research and Development: General
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| Manuscript Received : Jan 10 2014 | | Manuscript Accepted : Mar 31 2014 |
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