کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7347556 1476501 2018 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Optimal licensing in a differentiated Bertrand market under uncertain R&D outcomes and technology spillover
ترجمه فارسی عنوان
صدور مجوز مطلوب در بازار متمایز برتراند تحت نتایج ناامن تحقیق و توسعه و گسترش فناوری
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
This paper studies the licensing behavior in a differentiated Bertrand duopoly market in which the innovative firm engages in a cost-reducing R&D with uncertain outcomes. We also assume that there will be technology spillover if R&D ends in success. The results show that, in the case of a non-drastic innovation with uncertain outcomes, (i) the optimal licensing contract in terms of fixed-fee and royalty licensing is fixed-fee licensing when product substitution and technology spillover are both small, while it is royalty licensing otherwise; and (ii) if two-part tariff licensing is available, it is superior (equivalent) to royalty licensing when technology spillover is small (large), but always better than fixed-fee licensing for any degree of product substitution and technology spillover. Moreover, the results also indicate that the probability of R&D success in each licensing method plays an important role in determining the innovative firm's optimal licensing strategy.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 68, January 2018, Pages 117-126
نویسندگان
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