Technical progress and product reliability under competition and monopoly

Donald A R George

No 2012-23, SIRE Discussion Papers from Scottish Institute for Research in Economics (SIRE)

Abstract: Technical progress lowers costs and prices but appears to have an ambiguous effect on product reliabilty. This paper presents a simple model which explains this observation.

Date: 2012
New Economics Papers: this item is included in nep-com, nep-ino and nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:edn:sirdps:344

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