文献类型：期刊文献

英文题名：Input price discrimination can encourage downstream investment and increase welfare

作者：Lestage, Romain[1,2];Li, Youping[2,3]

机构：[1]Cent Univ Finance & Econ, Sch Management Sci & Engn, Shahe Higher Educ Pk,Changping Dist, Beijing, Peoples R China;[2]East China Univ Sci & Technol, Oliver Hart Res Ctr Contracts & Governance, 130 Meilong Rd, Shanghai, Peoples R China;[3]East China Univ Sci & Technol, Sch Business, 130 Meilong Rd, Shanghai, Peoples R China

年份：2022

卷号：217

外文期刊名：ECONOMICS LETTERS

收录：;WOS:【SSCI(收录号:WOS:000831121700002)】；

语种：英文

外文关键词：Commitment; Distance to frontier; Price discrimination; R & D investment; Technological catch-up

摘要：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. (C) 2022 Elsevier B.V. All rights reserved.