Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/159232 
Year of Publication: 
2000
Series/Report no.: 
Quaderni - Working Paper DSE No. 391
Publisher: 
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE), Bologna
Abstract: 
The monopolist's incentives towards product and process innovations are evaluated against the social optimum. The main findings are that (i) the incentive to invest in cost-reducing R&D is inversely related to the number of varieties being supplied at equilibrium, under both regimes; (ii) distortions obtain under monopoly, w.r.t. both the number of varieties and the technology. With substitutes (respectively, complements), the monopolist's product range is smaller (respectively, larger) than under social planning. For any given number of goods, the monopolist operates at a higher marginal cost than the planner does.
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Working Paper

Files in This Item:
File
Size
175.84 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.