From the perspective of horizontal product differentiation,we explore the impact of technology licensing between local state-owned enterprise(SOE)and foreign private enterprises on the pri-vatization degree of the local SOE.The results show that when the local SOE possesses cost-reduction technology and licenses this technology to foreign private enterprises,the technology licensing increases the degree of privatization of the local SOE.Conversely,when foreign private enterprises possess cost-re-duction technology and license it to the local SOE,the technology licensing by foreign enterprises reduces the degree of privatization of the local SOE.Additionally,the degree of product differentiation also affects the degree of privatization of the local SOE before and after the technology licensing.Given a sufficiently large market size,the nonlinear relationship(reversed U-shape)between the degree of privatization and horizontal product differentiation is presented.
维普
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