Licensing and the Incentive for Innovation

Previous literature has mostly considered R&D and licensing activities separately. In this paper we examine the effect of licensing on R&D and social welfare. We show that the effect of licensing on the incentive for doing R&D is ambiguous and depends on the costs of doing R&D. We also show that the possibility of licensing can change the identity of the innovating firm. However, we find that social welfare is non- decreasing in presence of licensing.Licensing, R&D, Welfare

Wigner Distributions Using Light-Front Wave Functions

We report on some recent advances in calculating the Wigner distributions for quarks and gluons, using overlaps of light-front wave functions.Comment: Talk given at the QCD Evolution Workshop, May 22-26, 2017, Jefferson Lab, US