In this paper, we evaluate the private incentive to cooperate comparing three different scenarios (R&D cooperation, and R&D competition with and without licensing), in terms of expected profits, industry probability of innovation, and expected welfare. We show that the feasibility of licensing increases the appropriability of returns and may stimulate R&D investment; moreover, licensing an innovation may lead to the highest social welfare. However, some conflict may emerge between the public and private incentive to license the innovation, and between different policy targets.

R&D incentives to cooperate and invest with licensing / Capuano, Carlo; Grassi, Iacopo. - In: ECONOMICS OF INNOVATION AND NEW TECHNOLOGY. - ISSN 1043-8599. - (2020), pp. 1-13. [10.1080/10438599.2020.1841941]

R&D incentives to cooperate and invest with licensing

carlo capuano
;
iacopo grassi
2020

Abstract

In this paper, we evaluate the private incentive to cooperate comparing three different scenarios (R&D cooperation, and R&D competition with and without licensing), in terms of expected profits, industry probability of innovation, and expected welfare. We show that the feasibility of licensing increases the appropriability of returns and may stimulate R&D investment; moreover, licensing an innovation may lead to the highest social welfare. However, some conflict may emerge between the public and private incentive to license the innovation, and between different policy targets.
2020
R&D incentives to cooperate and invest with licensing / Capuano, Carlo; Grassi, Iacopo. - In: ECONOMICS OF INNOVATION AND NEW TECHNOLOGY. - ISSN 1043-8599. - (2020), pp. 1-13. [10.1080/10438599.2020.1841941]
File in questo prodotto:
File Dimensione Formato  
R D incentives to cooperate and invest with licensing.pdf

non disponibili

Tipologia: Documento in Pre-print
Licenza: Accesso privato/ristretto
Dimensione 1.4 MB
Formato Adobe PDF
1.4 MB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11588/823348
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 2
  • ???jsp.display-item.citation.isi??? 3
social impact