Publication
Licensing under Cournot vs Bertrand competition
| dc.contributor.author | Ferreira, Fernanda A. | |
| dc.contributor.author | Ferreira, Flávio | |
| dc.contributor.author | Bode, Oana R. | |
| dc.date.accessioned | 2020-12-04T12:20:11Z | |
| dc.date.available | 2020-12-04T12:20:11Z | |
| dc.date.issued | 2020 | |
| dc.description.abstract | In this paper we consider, on one hand, a differentiated Cournot model, and, on the other hand, a differentiated Bertrand model, when one of the firms engages in an R&D process that gives an endogenous cost-reducing innovation. The aim of the present paper is two-fold. The first is to study the licensing of the costreduction by a per-unit royalty and a fixed-fee in these Cournot and Bertrand models. The second is to do a direct comparison between Cournot model and Bertrand model. We analyse the implications of these types of licensing contracts over the R&D effort, the profits of the firms, the consumer surplus and the social welfare. We show that some previous results for two-part tariff licensing are not robust, in the sense that they can be not true for just either a per-unit royalty contract or a fixed-fee contract. Furthermore, by using comparative static analysis, we conclude that the degree of the differentiation of the goods assumes a great importance in the results. We also discuss the optimal licensing, meaning that which licensing method is preferred, in each of the duopoly models considered. | pt_PT |
| dc.description.sponsorship | Authors F. A. Ferreira and F. Ferreira thank to UNIAG, R&D unit funded by FCT - Portuguese Foundation for the Development of Science and Technology, Ministry of Science, Technology and Higher Education, under the Projects UID/GES/04752/2019 and UIDB/04752/2020 | |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.doi | 10.1080/1331677X.2020.1844586 | pt_PT |
| dc.identifier.eissn | 1848-9664 | |
| dc.identifier.issn | 1331-677X | |
| dc.identifier.uri | http://hdl.handle.net/10400.22/16529 | |
| dc.language.iso | eng | pt_PT |
| dc.publisher | Taylor & Francis | pt_PT |
| dc.relation | UIDB/04752/2020 | |
| dc.relation | UID/GES/04752/2019 | |
| dc.relation.publisherversion | https://www.tandfonline.com/doi/full/10.1080/1331677X.2020.1844586 | pt_PT |
| dc.subject | Licensing | pt_PT |
| dc.subject | Cournot competition | pt_PT |
| dc.subject | Bertrand competition | pt_PT |
| dc.subject | Differentiated goods | pt_PT |
| dc.title | Licensing under Cournot vs Bertrand competition | pt_PT |
| dc.type | conference object | |
| dspace.entity.type | Publication | |
| oaire.citation.title | Economic Research-Ekonomska Istraživanja | pt_PT |
| person.familyName | Ferreira | |
| person.familyName | Ferreira | |
| person.givenName | Fernanda A. | |
| person.givenName | Flávio | |
| person.identifier | R-000-4TV | |
| person.identifier.ciencia-id | D116-9419-5778 | |
| person.identifier.ciencia-id | 9F13-D3C6-244B | |
| person.identifier.orcid | 0000-0002-1335-7821 | |
| person.identifier.orcid | 0000-0001-7812-0983 | |
| person.identifier.rid | N-4563-2013 | |
| person.identifier.rid | N-4562-2013 | |
| person.identifier.scopus-author-id | 24723992800 | |
| person.identifier.scopus-author-id | 22978799800 | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | conferenceObject | pt_PT |
| relation.isAuthorOfPublication | aaa18584-508e-46b1-9b50-4e174c0e142c | |
| relation.isAuthorOfPublication | 6f67981a-3965-4ace-aec9-65938c4bcf66 | |
| relation.isAuthorOfPublication.latestForDiscovery | aaa18584-508e-46b1-9b50-4e174c0e142c |
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