Mizuno, Tomomichi; Takauchi, Kazuhiro; Iida, Takeshi - Faculty of Economics, Kobe University - 2011
technology in a licensing contract. To this end, we study a two-country, two-firm duopolistic trade model. We consider a product … licensed are paradoxical: First, better technology is sold for a lower fee in a licensing contract. Second, the profits of both …