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A Comment on Market Structure and the Durability of Goods

Larry Karp and Thomas Cosimano ()

Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series from Department of Agricultural & Resource Economics, UC Berkeley

Abstract: This paper considers the effect of market structure on the durability of goods. A previous model is analyzed to provide conditions under which a monopolist provides less durable goods and a lower present value of services than the social optimum.

Keywords: marketing; mathematical models; production (economics) (search for similar items in EconPapers)
Date: 1986-01-01
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