haku: @author Spulber, D. F. / yhteensä: 7
viite: 5 / 7
Tekijä: | Spulber, D. F. |
Otsikko: | Products liability and monopoly in a contestable market. |
Lehti: | Economica
1988 : AUG, VOL. 55:219, p. 333-341 |
Asiasana: | MONOPOLY PRODUCT LIABILITY COMPETITION |
Kieli: | eng |
Tiivistelmä: | Sustainable monopoly prices, outputs and producer care are examined in a contestable market setting under alternative liability rules. The market attains a second-best optimum under strict liability, negligence and no liability. The threat of entry is thus sufficient for a monopoly to supply second-best optimal product quality. Product quality therefore is not determined by market structure. |
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