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  1. Monopoly distortions in durability and multi-dimensional quality
    Author: Strausz, Roland
    Published: 2009
    Publisher:  Sonderforschungsbereich/Transregio 15, Mannheim [u. a.]

    I show that Swan's (1970) independence result requires a multiplicative interaction between durability and all other quality attributes. Because there is no compelling argument for a multiplicativity in quality, monopolists tend to distort... more

    Location:
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    Inter-library loan:
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 445 (271)
    Inter-library loan:
    No inter-library loan

     

    I show that Swan's (1970) independence result requires a multiplicative interaction between durability and all other quality attributes. Because there is no compelling argument for a multiplicativity in quality, monopolists tend to distort durability, even with constant marginal costs. Distortions in durability and other quality aspects are aligned exactly when the marginal cost of quality do not increase too much with durability.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/93792
    Series: Discussion paper / Governance and the Efficiency of Economic Systems ; 271
    Subjects: Durability; quality; monopoly
    Scope: Online-Ressource (8 S.)