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dc.contributor.authorYao, Shuntianen_US
dc.contributor.authorGan, Lydiaen_US
dc.date.accessioned2010-02-19en_US
dc.date.accessioned2010-02-19T15:59:21Z-
dc.date.available2010-02-19T15:59:21Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/30021-
dc.description.abstractIn 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.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesEconomics Discussion Papers 2010-10en_US
dc.subject.jelD50en_US
dc.subject.jelD60en_US
dc.subject.ddc330en_US
dc.subject.keywordMonopolyen_US
dc.subject.keywordsocial welfareen_US
dc.subject.keywordtechnical innovationen_US
dc.subject.keywordgeneral equilibriumen_US
dc.titleMonopoly innovation and welfare effectsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn618931082en_US
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.en-
dc.identifier.repecRePEc:zbw:ifwedp:201010-
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