研討日期	2022年8月29日上午10:30~ 12:30
研討地點	國立臺灣大學社會科學院710會議室
主講題目 Title of the paper	Input price discrimination can encourage downstream investment and increase welfare
作者 Authors of the paper	Romain Lestage , Youping Li
文獻出處 Journal, vol.(issue), pp	Journal of Economics Letters 217 (2022) 110697
主講人	許至乙
參加人員	許至乙、林燕淑、施姵全、高國峯、張瑞雲、黃鴻、Dong Van Chung、Suttiwan Suwannajoi、Bui Dang Long蘇家叡
摘要 Abstract of the paper	This paper investigates the implications of input price discrimination when an upstream monopolist commits to prices before downstream firms make R&D investment and output decisions. We find that input price discrimination can stimulate downstream R&D investment and shift production efficiently relative to uniform pricing. Specifically, input price discrimination impedes investment when the investing firm is a technological leader, fosters investment when it is a laggard, and may improve welfare when investment allows the laggard to overtake the leader. An important policy implication of our results is that antitrust regulation that allows input price discrimination may contribute to technological catch-up.