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Vertical differentiation in oligopoly and license fees when outside innovator can enter the market: Two step auction

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Academic year: 2020

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Figure

Figure 1: Relations among q, e1A C Le1 and QLl1
Figure 2: License fee in the case of license to one firm without entry
Figure 3: License fee in the case of licenses to two firms without entry
Figure 4: Comparison of payoffs of the innovator: Case 1
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