Monopoly, Social Welfare, and Multi Product Quality

Gayer Amit ()
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Gayer Amit: Department of Economics, Western Galilee College, Akko 24121, Israel

Mathematical Economics Letters, 2014, vol. 2, issue 3-4, 51-57

Abstract: This paper investigates a market with vertical product differentiation, where both qualities and consumers are represented by uni-dimensional intervals. Our framework deals with a continuum of consumers. We investigate the consumers' self selection in a product quality model under an offer-spectrum of quality-price pairs.We show the conditions under which there will be no market failure.

Keywords: Monopoly; Social Welfare; Market Failure; Monopoly; Social Welfare; Market Failure (search for similar items in EconPapers)
JEL-codes: C72 D43 L15 (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1515/mel-2014-0007

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