|
EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/30021
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Yao, Shuntian | | en_US |
| dc.contributor.author | | Gan, Lydia | | en_US |
| dc.date.accessioned | | 2010-02-19 | | en_US |
| dc.date.accessioned | | 2010-02-19T15:59:21Z | | - |
| dc.date.available | | 2010-02-19T15:59:21Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/30021 | | - |
| dc.description.abstract | | In this paper we study the welfare effect of a monopoly innovation. Unlike many partial equilibrium models carried out in previous studies, general equilibrium models with non-price-taking behavior are constructed and analyzed in greater detail. We discover that technical innovation carried out by a monopolist could significantly increase the social welfare. We conclude that, in general, the criticism against monopoly innovation based on its increased deadweight loss is less accurate than previously postulated by many studies. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Kiel Institute for the World Economy (IfW) Kiel | | en_US |
| dc.relation.ispartofseries | | Economics Discussion Papers 2010-10 | | en_US |
| dc.subject.jel | | D50 | | en_US |
| dc.subject.jel | | D60 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Monopoly | | en_US |
| dc.subject.keyword | | social welfare | | en_US |
| dc.subject.keyword | | technical innovation | | en_US |
| dc.subject.keyword | | general equilibrium | | en_US |
| dc.title | | Monopoly innovation and welfare effects | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 618931082 | | en_US |
| dc.rights.license | | http://creativecommons.org/licenses/by-nc/2.0/de/deed.en | | - |
| dc.identifier.repec | | RePEc:zbw:ifwedp:201010 | | - |
| Appears in Collections: | | Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|