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| Tekijä: | Driskill, R. |
| Otsikko: | Durable-goods monopoly, increasing marginal cost and depreciation |
| Lehti: | Economica
1997 : FEB, VOL. 64:253, p. 137-154 |
| Asiasana: | CONSUMER DURABLES DEPRECIATION MARGINAL COSTING MONOPOLY |
| Kieli: | eng |
| Tiivistelmä: | This study combines depreciation and increasing marginal cost in a continuous-time model of a durable goods monopolist. Steady-state output in this model is less than in the competitive case. This study shows that in a continuous-time model with both increasing marginal cost and depreciation, a durable-good monopolist will produce a steady-state level of the stock that is less than the level that would be produced by a price-taking firm , but more than would be produced by a leasing of precommitted monopolist. |
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