haku: @journal_id 577 / yhteensä: 643
viite: 5 / 643
| Tekijä: | Fauli-Oller, R. Sandonis, J. |
| Otsikko: | To merge or to license: implications for competition policy |
| Lehti: | International Journal of Industrial Organization
2003 : MAY, VOL. 21:5, p. 655-672 |
| Asiasana: | Mergers Patents Licensing Competition Market conditions |
| Kieli: | eng |
| Tiivistelmä: | The optimal competition policy when licensing is an alternative to a merger to transfer a superior technology is derived in a differentiated goods duopoly, for the cases of Cournot and Bertrand competition. The authors show that whenever both royalties and fixed fees are feasible, mergers should not be allowed, which fits the prescription of the US Horizontal Merger Guidelines. By contrast, when only one instrument is feasible, be it fixed fees or royalties, the possibility of licensing cannot be used as a definitive argument against mergers. |
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