Time Inconsistency and the Choice Between In-House Production and Technology Transfer

نویسنده

  • Fan CUI
چکیده

This paper discusses the influence of time inconsistency problem on technology-leading firms' choice between in-house production and technology transfer. Because of incredibility of innovator's commitment of not exporting after licensing, she may not be able to extract rent from licensing as much as when she could commit credibly. Facing this distortion, she chooses in-house production when the choke-off price is high and/or her marginal cost advantage is low. Fixed costs can influence her credibility of commitment and organization choice. Revenue sharing can make commitment become credible in some cases but can't when the choke-off price is high and/or her marginal cost advantage is low. Commitment to not licensing again can be incredible as well, which means technology transfer is most possible when the technology is intermediately transferable as existing literature has noticed.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Nonlinearity Transmission of Monetary Policy Through the House Price Channel; MSVAR Approach

In the past decades, the discussions between economists have changed of impact or no impact of monetary policy to effective monetary policy channels. Since, The housing sector has a large share in the household consumption basket, gross domestic product and wealth of the private sector, Then this sector play very decisive role in transfer transfer of monetary policy effects on production. There...

متن کامل

Preparation, quality control and biodistribution study of 68Ga-BPAMD: Optimized production with an in-house 68Ge-68Ga generator

Introduction: Bone metastases are common in the progression of various tumors leading to severe pain and decrease in quality of life. The aim of this study was to optimize the production of 68Ga-BPAMD as an ideal bone imaging agent using an in-house 68Ge/68Ga generator for future clinical use. Methods: The optimized condit...

متن کامل

Policy Time-Inconsistency: A Comparison of Managed Floating Exchange Rate and Controlled Exchange Rate Regimes

Some empirical and theoretical studies have emphasized on fixed exchange rate regime in controlling time inconsistency, while others consider the role of target zone regime as an important factor. Thus there is no general consensus to decide which exchange rate regime may bring about less time-inconsistency. The main purpose of this study is to investigate policy time-inconsistency in exchange ...

متن کامل

Simulation of Temperature Distribution in Hot Strip over Transfer Table

Transfer table is an essential stage between roughing and finishing rolling stands in a hot-strip rolling mill. High temperature and long time that strip is exposed to air at this stage cause a considerable heat loss that accounts for uneven temperature distribution, non-uniform surfaces, reduced product quality and increased production costs. Using thermal shields on the transfer table is cons...

متن کامل

An Algorithm to Compute the Complexity of a Static Production Planning (RESEARCH NOTE)

Complexity is one of the most important issues of any production planning. The increase in complexity of production planning can cause inconsistency between a production plan and an actual outcome. The complexity generally can be divided in two categories, the static complexity and the dynamic complexity, which can be computed using the ant ropy formula. The formula considers the probability of...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2004