Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062440 | Economics Letters | 2006 | 8 Pages |
Abstract
Consider a durable good monopolist facing the technology constraint that when he introduces a new product, he cannot produce a cheaper variant without a time lag. We show that the qualities of his high-end and low-end products are higher than their efficient quality levels.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Woody Chih-yi Chi, Shufen Wu,