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摘要
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p This paper establishes a duopoly model, which
is distinct from the existing literature on technology licensing with same
cost-reducing level, to investigate which licensing regime is superior for
patent-holder when the licensing with cost-reducing is asymmetry. We find that,
under fixed-fee (royalty) licensing, the patent-holder may license her
innovation to the less-efficient (more-efficient) firm only if the relative
cost-reduction ratio is large (small) enough. In addition, we show that the
option of the licensing regimes depends not only on the extent in cost
reducing when licensing occurs, but also on the number of licensees.
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