研討日期	2020年6月29日上午10:20~ 12:30
研討地點	國立臺灣大學710討論室
主講題目 Title of the paper	Licensing, entry, and privatization
作者 Authors of the paper	Leonard F.S. Wang, Chenhang Zeng
文獻出處 Journal, vol.(issue), pp	International Review of Economics and Finance 62 (2019) 230–239
主講人	張瑞雲
參加人員	張瑞雲、王光正、林燕淑、施姵全、梁文榮、彭正浩、黃鴻、呂得成、賴宜君、許至乙、林虢楙、許雅媚、洪珮瑜、Bui Dang Long、Dong Van Cheng、AMIANA SIMANJUNTAK
摘要 Abstract of the paper	This paper examines how technology licensing by a private innovator affects privatization with ex-ante cost asymmetry. In a mixed duopoly, we find that licensing to the public firm reduces the incentive for privatization compared to the situation without licensing. This result is robust in consideration of either a domestic or a foreign entry of a private firm. However, licensing to the entrant private firm increases the incentive for privatization. Furthermore, we show that the effects of entry on privatization critically depend on whether the new entrant is a domestic or foreign one. The entry of a domestic private firm facilitates privatization while that of a foreign private firm hinders privatization.