Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/30021 
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dc.contributor.authorYao, Shuntianen
dc.contributor.authorGan, Lydiaen
dc.date.accessioned2010-02-19-
dc.date.accessioned2010-02-19T15:59:21Z-
dc.date.available2010-02-19T15:59:21Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aEconomics Discussion Papers |x2010-10en
dc.subject.jelD50en
dc.subject.jelD60en
dc.subject.ddc330en
dc.subject.keywordMonopolyen
dc.subject.keywordsocial welfareen
dc.subject.keywordtechnical innovationen
dc.subject.keywordgeneral equilibriumen
dc.titleMonopoly innovation and welfare effects-
dc.typeWorking Paperen
dc.identifier.ppn618931082en
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen
dc.identifier.repecRePEc:zbw:ifwedp:201010en

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