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Status and welfare under monopolistic competition

✍ Scribed by Wai Chiu Woo

Publisher
Springer
Year
2010
Tongue
English
Weight
190 KB
Volume
36
Category
Article
ISSN
0176-1714

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Welfare and product testing by a regulat
Welfare and product testing by a regulated monopolist
✍ Tim S. Campbell; Yuk-Shee Chan; Anthony M. Marino πŸ“‚ Article πŸ“… 1991 πŸ› Springer US 🌐 English βš– 690 KB

This paper studies a monopoly firm with the ability to conduct costly pre-market testing of its product in order to predict how safe this product is to consume. While there are private incentives to test, the amount of testing effort supplied by a monopolist need not be optimal. In a model which all