研討日期

201635上午10:20 ~ 12:00

研討地點

台大社會科學院710討論

主講題目

Product Innovation Incentives: Monopoly vs. Competition

作者

YONGMIN CHEN, MARIUS SCHWARTZ

文獻出處

Journal of Economics & Management Strategy

主講人

蔡明芳

參加人員

蔡明芳、呂得成、曹古駒、施姵全、林燕淑、劉乙人、黃鴻、高國峯、王羿傑、林晏如、王光正、梁文榮、彭正浩、丁虹仁

摘要

In contrast to Arrow’s result for process innovations, we show that the gain from a product innovation can be larger to a secure monopolist than to a rivalrous firm that would face competition from independent sellers of the old product. A monopolist incurs profit diversion from its old good but may gain more than a rivalrous firm on the new good by coordinating the prices. In a Hotelling framework, we find simple conditions for the monopolist’s gain to be larger. We also explain why the ranking of innovation incentives differs under vertical product differentiation.