Antitrust & Competition Policy Blog

Editor: D. Daniel Sokol
University of Florida
Levin College of Law

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Wednesday, March 7, 2012

Technical progress and product reliability under competition and monopoly

Posted by D. Daniel Sokol

Donald A. R. George (University of Edinburgh) discusses Technical progress and product reliability under competition and monopoly.

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

http://lawprofessors.typepad.com/antitrustprof_blog/2012/03/technical-progress-and-product-reliability-under-competition-and-monopoly-.html

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