Analysis of a monopoly supplying a vertically differentiated good with network externalities assuming a convex cost of quality improvements unrelated to output. The welfare loss due to monopoly power shrinks as the role of network externlities in determining consumers' satisfaction becomes more relevant.
L.Lambertini, R.Orsini (2004). Monopoly, Quality and Network Externalities. KEIO ECONOMIC STUDIES, 40, 1-17.
Monopoly, Quality and Network Externalities
LAMBERTINI, LUCA;ORSINI, RAIMONDELLO
2004
Abstract
Analysis of a monopoly supplying a vertically differentiated good with network externalities assuming a convex cost of quality improvements unrelated to output. The welfare loss due to monopoly power shrinks as the role of network externlities in determining consumers' satisfaction becomes more relevant.File in questo prodotto:
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