Monopoly distortions in durability and multi-dimensional quality

被引:0
|
作者
Strausz, Roland [1 ]
机构
[1] Humboldt Univ, Inst Micro Econ Theory, D-10178 Berlin, Germany
关键词
Durability; Quality; Monopoly; MARKET STRUCTURE; DURABLE GOODS;
D O I
10.1016/j.econlet.2009.09.009
中图分类号
F [经济];
学科分类号
02 ;
摘要
Without a multiplicative interaction between durability and other quality attributes Swan's (1970) independence result is violated, even with constant marginal costs. Subsequent distortions are aligned when the marginal cost of quality does not increase too much with durability. (C) 2009 Elsevier B.V. All rights reserved.
引用
收藏
页码:333 / 335
页数:3
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