研討日期	2016年3月5日上午10:20 ~ 12:00
研討地點	台大社會科學院710討論室
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.