研討日期	2016年7月16日上午12:00 ~ 13:10
研討地點	台大社會科學院710討論室
主講題目	Trade Liberalization and Product Innovation
作者	Yi-Shan Hsueh and Cheng-Hau Peng
文獻出處	Working paper
主講人	彭正浩
參加人員	王羿傑、彭正浩、梁文榮、黃鴻、高國峯、周冰瑤、丁虹仁、張博涵
摘要	This paper discusses the impact of trade liberalization and firms' incentive to carry out product R&D which increases the willingness to pay of consumers in an intra-industry trade duopolistic model. In the model, firms can invest in product R&D to maximize their profits. We show that trade liberalization may encourage or discourage the two firms to invest in product R&D, depending on the consumers’ preferences for the product innovation. This finding is of some interest because it is in sharp contrast to the standard result in which trade liberalization always stimulates firms to do more R&D.