Wednesday, September 26, 2012
Technical progress and product reliability under competition and monopoly
Posted by D. Daniel Sokol
Donald George (University of Edinburgh) describes 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.
https://lawprofessors.typepad.com/antitrustprof_blog/2012/09/technical-progress-and-product-reliability-under-competition-and-monopoly-.html
