Optimal Licensing Policy for an Incumbent Firm with Fixed Cost Advantage

摘要

1　Ｉｎｔｒｏｄｕｃｔｉｏｎ　Ａｎｉｍｐｏｒｔａｎｔｔｈｅｍｅｉｎｉｎｄｕｓｔｒｉａｌｏｒｇａｎｉｚａｔｉｏｎｉｓｔｈａｔａｍｏｎｏｐｏｌｉｓｔｆｉｒｍｗｉｌｌｕｓｅｉｔｓｉｎｃｕｍｂｅｎｃｙｐｏｓｉｔｉｏｎｉｎｏｒｄｅｒｔｏｉｎｆｌｕｅｎｃｅｔｈｅｅｎｔｒｙｄｅｃｉｓｉｏｎｓｏｆｐｏｔｅｎｔｉａｌｃｏｍｐｅｔｉｔｏｒｓ.Ａｓｍａｌｌｂｕｔｇｒｏｗｉｎｇｌｉｔｅｒａｔｕｒｅｏｎｔｈｅｓｔｒａｔｅｇｉｃｕｓｅｏｆｌｉｃｅｎｓｉｎｇ[1～ 4 ] ｈａｓｆｏｃｕｓｅｄｏｎｔｈｅｒｏｌｅｏｆｌｉｃｅｎｓｉｎｇｉｎｔｈｅｉｎｃｕｍｂｅｎｔ’ｓｅｎｔｒｙｄｅｔｅｒｒｅｎｃｅ/ａｃ ｃｏｍｍｏｄａｔｉｏｎｂｅｈａｖｉｏｒ .Ｔｈｅｓｅｐａｐｅｒｓｈａｖｅｔｈｅｆｅａｔｕｒｅｔｈａｔｔｈｅｉｎｃｕｍｂｅｎｔｆｉｒｍｓｈａｒｅｓｐｒｏｐｅｒｔｙｒｉｇｈｔｓｏｎｉｔｓｔｅｃｈｎｏｌｏｇｙｗｉｔｈａｐｏｔｅｎｔｉａｌｅｎｔｒａｎｔｉｎｏｒｄｅｒｔｏａｖｏｉｄｍｏｒｅｃｏｓｔｌｙｃｏｍｐｅｔｉｔｉｏｎ .　Ｒｅｆ .[5]ａｌｓｏｅｘａｍｉｎｅｄｔｈｅｏｐｔｉｍａｌｌｉｃｅｎｓｉｎｇｐｏｌｉｃｙｏｆａｎｉｎｃｕｍｂｅｎｔｆｉｒｍｔ...