Leonard F S Wang
Does technology licensing matter for privatization?
Wang, Leonard F S; Mukherjee, Arijit; Zeng, Chenhang
Authors
Abstract
In mixed oligopolies, technology licensing from a cost-efficient firm to a cost-inefficient firm has been widely observed. This paper examines the relationship between privatization and licensing (by public or private firms) with the consideration of either a domestic or a foreign private firm. We find that i) in the case of a domestic private firm, public licensing facilitates privatization, but private licensing hinders privatization; ii) in the case of a foreign private firm, both public and private licensing facilitate privatization. Our results yield important policy implications on privatization.
Citation
Wang, L. F. S., Mukherjee, A., & Zeng, C. (2020). Does technology licensing matter for privatization?. Journal of Public Economic Theory, 22(5), 1462-1480. https://doi.org/10.1111/jpet.12431
Journal Article Type | Article |
---|---|
Acceptance Date | Jan 25, 2020 |
Online Publication Date | Feb 17, 2020 |
Publication Date | 2020-09 |
Deposit Date | Feb 3, 2020 |
Publicly Available Date | Feb 18, 2022 |
Journal | Journal of Public Economic Theory |
Print ISSN | 1097-3923 |
Electronic ISSN | 1467-9779 |
Publisher | Wiley |
Peer Reviewed | Peer Reviewed |
Volume | 22 |
Issue | 5 |
Pages | 1462-1480 |
DOI | https://doi.org/10.1111/jpet.12431 |
Keywords | Economics and Econometrics; Finance; Sociology and Political Science |
Public URL | https://nottingham-repository.worktribe.com/output/3864857 |
Publisher URL | https://onlinelibrary.wiley.com/doi/10.1111/jpet.12431 |
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