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Does technology licensing matter for privatization?

Wang, Leonard F S; Mukherjee, Arijit; Zeng, Chenhang

Authors

Leonard F S Wang

Chenhang Zeng



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.

Journal Article Type Article
Publication Date 2020-09
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
APA6 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
DOI https://doi.org/10.1111/jpet.12431
Keywords Economics and Econometrics; Finance; Sociology and Political Science
Publisher URL https://onlinelibrary.wiley.com/doi/10.1111/jpet.12431

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