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International Journal of Performability Engineering
In this paper, we investigate a Stackelberg leader's licensing behavior and its welfare consequence when the rival holds private information about the marginal cost after licensing occurs. In order to examine the effect of the asymmetric information on the optimal licensing strategy, we consider three possible forms of a two-part tariff licensing contract (excluding excluding contract, separating contract, and pooling contract). The result shows that, the optimum is either an exclusive contractdoi:10.23940/ijpe.18.02.p15.341348 fatcat:tnuzyhhb75ds5lpmr3uonikrx4