Autori:
Ottoz, Elisabetta ![](http://www.bncf.firenze.sbn.it/img/logo-bncf.jpg)
,
Cugno, Franco ![](http://www.bncf.firenze.sbn.it/img/logo-bncf.jpg)
Titolo:
Static inefficiency of compulsory licensing: quantity vs. price competitionPeriodico:
Università degli studi di Torino. Dip. Di Economia e Statistica Cognetti de Martiis. Working paper seriesAnno:
2006 - Fascicolo:
6 - Pagina iniziale:
1 - Pagina finale:
18A common argument against compulsory licensing of intellectual property maintains that it facilitates the entry of inefficient producers, which may reduce social welfare independently of any effects on R&D incentives. We study the issue in a model where the innovative firm, under the threat of compulsory licensing, react strategically by choosing between quantity and price competition. We show that the risk of a reduction in static welfare due to the entry of highly inefficient firms is avoided if licensing entails a royalty per unit of output and zero fixed fee. The rationale behind this result lies in the fact that compulsory licensing threat works as a disciplining device to improve static social welfare, even when the applicant is a high cost inefficient firm.
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