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Technical progress and product reliability under competition and monopoly

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  • George, Donald A R

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.

Suggested Citation

  • George, Donald A R, 2012. "Technical progress and product reliability under competition and monopoly," SIRE Discussion Papers 2012-23, Scottish Institute for Research in Economics (SIRE).
    • Handle: RePEc:edn:sirdps:344
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    File URL: http://hdl.handle.net/10943/344
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    References listed on IDEAS

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