| 英文摘要 |
This paper develops a duopoly model to investigate the licensing behavior of inside licensors under different competitive relationships with its competitor; a conjectural variations approach is employed. Assuming that both the licensor and licensee engage in a quantitative competition in the same industry after licensing, we obtain the following results. First, the less competitive a market with a non-drastic innovation, the more likely the licensor would prefer a fixed-fee licensing to a royalty licensing. Second, considering the magnitude of ompetition between firms, the optimal royalty rate could be smaller than the cost reduction after licensing when the licensor is responsible for selecting a royalty licensing regime. |
