Market structure and technology licensing: evidence from US manufacturing

Name

Market structure and technology licensing: evidence from US manufacturing

Cite

11 Applied Econ. Letters 631

Year

2004

Bluebook cite

Youngjun Kim, Market structure and technology licensing: evidence from US manufacturing, 11 Applied Econ. Letters 631 (2004).

Author

Youngjun Kim

URL

Item Type

article

Summary

Abstract: “This paper empirically investigates how market structure, including firm- and industry-level variables, influences the incentives of companies to license out their technology. Empirical analysis is provided with the help of a panel data set of observed licensing transactions worldwide involving manufacturing companies publicly traded in the USA. The findings show that dominant firms with bigger market shares are actively involved in granting technology licenses. It was also found that company’s prior involvement in licensing, the concentration and the market size of its primary industry, and the propensity to receive patents (i.e. strength of the intellectual property protection) in that industry are important determinants of the propensity to transfer technology through licensing agreements. Results suggest that transaction costs, strategic considerations, and knowledge appropriability weigh in heavily in explaining firms’ licensing behaviour.”

Excerpts and Summaries

Created

Sunday 08 of February, 2009 18:30:45 GMT
by Unknown

LastModif

Sunday 08 of February, 2009 18:30:45 GMT
by Unknown