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Monopoly, Social Welfare, and Multi Product Quality
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Amit Gayer
Published/Copyright:
July 8, 2014
Abstract
This paper investigates a market with vertical product differentiation, where both qualities and consumers are represented by uni-dimensional intervals. Our framework deals with a continuum of consumers. We investigate the consumers' self selection in a product quality model under an offer-spectrum of quality-price pairs.
We show the conditions under which there will be no market failure.
Published Online: 2014-7-8
Published in Print: 2014-11-30
©2014 Walter de Gruyter Berlin/Boston
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Articles in the same Issue
- Frontmatter
- On the Infinite-Dimensional Representation of Stochastic Controlled Systems with Delayed Control in the Diffusion Term
- A Homotopy Analysis Method for the Option Pricing PDE in Post-Crash Markets
- Monopoly, Social Welfare, and Multi Product Quality
- Understanding Voting Behaviour in Complex Political Systems
- Discrete Versus Continuous Time in an Endogenous Growth Model with Durable Consumption
- A Solution for General Exchange Markets with Indivisible Goods when Indifferences are Allowed
- A Perishable Inventory Model with Bonus Service for Certain Customers, Balking and N + 1 Policy
