Product Quality Under Regulated Monopoly

Donald George

Product Quality Under Regulated Monopoly

Donald George

School of Economics

Research output: Working paper › Discussion paper

Abstract / Description of output

A monopolist regulated via a price cap may well have an incentive to changeother variables of interest to consumers, in an attempt to shift the cost and demandcurves in his favour. This paper develops a model in which the monopolist can varyproduct quality and the terms of a warranty, in response to price regulation. Theregulated and unregulated monopoly outcomes are compared with the Pareto-efficientoutcome.

Original language	English
Publisher	Edinburgh School of Economics Discussion Paper Series
Pages	1-29
Number of pages	29
Publication status	Published - 21 Dec 1998

Publication series

Name	ELSE working papers
No.	4

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https://ideas.repec.org/p/edn/esedps/4.html

Cite this

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Product Quality Under Regulated Monopoly

Abstract / Description of output

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