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Technical progress and product reliability under competition and monopoly

Donald A. R. George ()
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Donald A. R. George: https://sites.google.com/site/dargecon60/

Edinburgh School of Economics Discussion Paper Series from Edinburgh School of Economics, University of Edinburgh

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

Pages: 21
Date: 2011-12
New Economics Papers: this item is included in nep-bec, nep-com, nep-ino and nep-tid
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