Monopoly distortions in durability and multi-dimensional quality

Roland Strausz

Economics Letters, 2009, vol. 105, issue 3, 333-335

Abstract: 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.

Keywords: Durability; Quality; Monopoly (search for similar items in EconPapers)
Date: 2009
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Working Paper: Monopoly Distortions in Durability and Multi-Dimensional Quality (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:105:y:2009:i:3:p:333-335

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