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Welfare Effects of Price Discrimination by a Regulated Monopolist

โœ Scribed by Mark Armstrong and John Vickers

Book ID
121846246
Publisher
The RAND Corporation
Year
1991
Tongue
English
Weight
402 KB
Volume
22
Category
Article
ISSN
0741-6261

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๐Ÿ“œ SIMILAR VOLUMES

Welfare and product testing by a regulat
Welfare and product testing by a regulated monopolist
โœ Tim S. Campbell; Yuk-Shee Chan; Anthony M. Marino ๐Ÿ“‚ Article ๐Ÿ“… 1991 ๐Ÿ› Springer US ๐ŸŒ English โš– 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