Technical progress and product reliability under competition and monopoly

Donald George

Research output: Working paperDiscussion paper

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.
Original languageEnglish
PublisherEdinburgh School of Economics Discussion Paper Series
Number of pages21
Publication statusPublished - 2011

Publication series

NameESE Discussion Papers
No.211

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