研討日期	2025年03月24日12:10-13:50
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	Technology Licensing in a Durable Market
作者 Authors of the paper	Wen-Chung Guo, Jia-Rui Su, Hong Hwang
文獻出處 Journal, vol.(issue), pp	Working Paper
主講人	郭文忠
參加人員	黃鴻、林燕淑、施姵全、許至乙、郭文忠、曹古駒、林晏如、Ayu Sasni Munte、Micah Mainala、Anggoro Prihandoko、楊雅棠、洪睿翔
摘要 Abstract of the Paper	This study examines a licensing game in a durable goods market where a patent holder with a nondrastic cost-reducing innovation strategically grants a license to a competitor. In contrast to the optimal pure royalty contract in the benchmark case for non-durable goods, the optimal licensing contract in the durable goods setting takes the form of a two-part tariff, shaped by the intertemporal structure of durable licensing revenue. Moreover, the analysis shows that consumer welfare is generally lower under licensing. The durability of the good tends to reduce the final-stage price and the licensor’s profit, while its effect on the initial-stage price and the licensee’s profit depends on the market conditions, potentially increasing or decreasing them. This study further examines several extensions, including semi-drastic innovations, product differentiation, the existence of a resale market, ad valorem royalty contracts, and price competition under pre-commitment strategies.