Licensing by fixed-fee and two-part tariff in a differentiated Stackelberg model when the follower is the innovator
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.22/21778 |
Resumo: | In the present paper we consider a differentiated-good Stackelberg model, when the follower firm engages in an R & D process that gives an endogenous cost-reducing innovation. The aim is two-fold: the first is to study the case when there is a technology transfer between the innovator and the non-innovator firm based on a fixed-fee licensing contract, and the second is to study the case when there is a technology transfer between the innovator and the non-innovator firm based on a two-part tariff licensing contract. The main result of the paper is that the degree of the differentiation of the goods is the key factor in the decisions of the innovator firm, influencing its licensing strategy. In particular, we find that for the innovator firm is better a fixed-fee or a two-part tariff licensing contract than no-licensing, even if the innovation is drastic. In the case of a fixed-fee licensing, the main variables of this duopoly model increase with the differentiation of the goods all the time. It turns out that in the case of a two-part tariff licensing, this conclusion does not fit all the time. The findings of this paper extend the literature on contract auctions when the innovating firm has different options for licensing its innovation. |
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Licensing by fixed-fee and two-part tariff in a differentiated Stackelberg model when the follower is the innovatorGame theoryStackelberg modelLicensingDifferentiated goodsIn the present paper we consider a differentiated-good Stackelberg model, when the follower firm engages in an R & D process that gives an endogenous cost-reducing innovation. The aim is two-fold: the first is to study the case when there is a technology transfer between the innovator and the non-innovator firm based on a fixed-fee licensing contract, and the second is to study the case when there is a technology transfer between the innovator and the non-innovator firm based on a two-part tariff licensing contract. The main result of the paper is that the degree of the differentiation of the goods is the key factor in the decisions of the innovator firm, influencing its licensing strategy. In particular, we find that for the innovator firm is better a fixed-fee or a two-part tariff licensing contract than no-licensing, even if the innovation is drastic. In the case of a fixed-fee licensing, the main variables of this duopoly model increase with the differentiation of the goods all the time. It turns out that in the case of a two-part tariff licensing, this conclusion does not fit all the time. The findings of this paper extend the literature on contract auctions when the innovating firm has different options for licensing its innovation.L&H Scientific PublishingRepositório Científico do Instituto Politécnico do PortoFerreira, FlávioBode, Oana R.2023-01-23T14:55:50Z20222022-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.22/21778eng10.5890/JAND.2022.12.0032164-6473metadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-13T13:18:01Zoai:recipp.ipp.pt:10400.22/21778Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:41:45.615909Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Licensing by fixed-fee and two-part tariff in a differentiated Stackelberg model when the follower is the innovator |
title |
Licensing by fixed-fee and two-part tariff in a differentiated Stackelberg model when the follower is the innovator |
spellingShingle |
Licensing by fixed-fee and two-part tariff in a differentiated Stackelberg model when the follower is the innovator Ferreira, Flávio Game theory Stackelberg model Licensing Differentiated goods |
title_short |
Licensing by fixed-fee and two-part tariff in a differentiated Stackelberg model when the follower is the innovator |
title_full |
Licensing by fixed-fee and two-part tariff in a differentiated Stackelberg model when the follower is the innovator |
title_fullStr |
Licensing by fixed-fee and two-part tariff in a differentiated Stackelberg model when the follower is the innovator |
title_full_unstemmed |
Licensing by fixed-fee and two-part tariff in a differentiated Stackelberg model when the follower is the innovator |
title_sort |
Licensing by fixed-fee and two-part tariff in a differentiated Stackelberg model when the follower is the innovator |
author |
Ferreira, Flávio |
author_facet |
Ferreira, Flávio Bode, Oana R. |
author_role |
author |
author2 |
Bode, Oana R. |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Repositório Científico do Instituto Politécnico do Porto |
dc.contributor.author.fl_str_mv |
Ferreira, Flávio Bode, Oana R. |
dc.subject.por.fl_str_mv |
Game theory Stackelberg model Licensing Differentiated goods |
topic |
Game theory Stackelberg model Licensing Differentiated goods |
description |
In the present paper we consider a differentiated-good Stackelberg model, when the follower firm engages in an R & D process that gives an endogenous cost-reducing innovation. The aim is two-fold: the first is to study the case when there is a technology transfer between the innovator and the non-innovator firm based on a fixed-fee licensing contract, and the second is to study the case when there is a technology transfer between the innovator and the non-innovator firm based on a two-part tariff licensing contract. The main result of the paper is that the degree of the differentiation of the goods is the key factor in the decisions of the innovator firm, influencing its licensing strategy. In particular, we find that for the innovator firm is better a fixed-fee or a two-part tariff licensing contract than no-licensing, even if the innovation is drastic. In the case of a fixed-fee licensing, the main variables of this duopoly model increase with the differentiation of the goods all the time. It turns out that in the case of a two-part tariff licensing, this conclusion does not fit all the time. The findings of this paper extend the literature on contract auctions when the innovating firm has different options for licensing its innovation. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022 2022-01-01T00:00:00Z 2023-01-23T14:55:50Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.22/21778 |
url |
http://hdl.handle.net/10400.22/21778 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.5890/JAND.2022.12.003 2164-6473 |
dc.rights.driver.fl_str_mv |
metadata only access info:eu-repo/semantics/openAccess |
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metadata only access |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
L&H Scientific Publishing |
publisher.none.fl_str_mv |
L&H Scientific Publishing |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
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1799131504639475712 |