Technical progress and product reliability under competition and monopoly
AbstractTechnical 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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Bibliographic InfoPaper provided by Scottish Institute for Research in Economics (SIRE) in its series SIRE Discussion Papers with number 2012-23.
Date of creation: 2012
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-08-23 (All new papers)
- NEP-COM-2012-08-23 (Industrial Competition)
- NEP-INO-2012-08-23 (Innovation)
- NEP-TID-2012-08-23 (Technology & Industrial Dynamics)
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