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Technical progress and product reliability under competition and monopoly

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    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.

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    File URL: http://www.ed.ac.uk/polopoly_fs/1.77846!/fileManager/G_George_Reliability%207.pdf
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    Bibliographic Info

    Paper provided by Edinburgh School of Economics, University of Edinburgh in its series ESE Discussion Papers with number 211.

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    Length: 21
    Date of creation: 09 Dec 2011
    Date of revision:
    Handle: RePEc:edn:esedps:211

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