Socially optimal cost-reducing R&D with product durability

被引:0
|
作者
Goel, RK [1 ]
机构
[1] Illinois State Univ, Dept Econ, Normal, IL 61790 USA
关键词
D O I
10.1080/135048500351249
中图分类号
F [经济];
学科分类号
02 ;
摘要
Socially optimal cost-reducing R&D with product durability is studied. Results show that the first period optimal R&D and output with durability exceed the respective levels without durability. The second period R&D and output are identical to the no durability case.
引用
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页码:487 / 488
页数:2
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