Munich Personal RePEc Archive

Environmental policy on the fixed-fee licensing of eco-technology under foreign penetration

Kim, Seung-Leul and Lee, Sang-Ho (2016): Environmental policy on the fixed-fee licensing of eco-technology under foreign penetration. Published in: Economics Bulletin , Vol. 3, No. 36 (14 July 2016): pp. 134-140.

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Abstract

This study investigates environmental policy on the fixed-fee licensing strategy of clean eco-technology by an innovator having foreign ownership. We show that near-zero emission taxes accompanied by non-exclusive licensing regulation can improve social welfare when the cost gap is small or foreign penetration is high. However, when foreign ownership is not high, exclusive licensing regulations with an appropriate emission tax policy may improve social welfare.

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