Arbeitspapier
Monopoly innovation and welfare effects
In this paper we study the welfare effect of a monopoly innovation. Unlike many partial equilibrium models carried out in previous studies, general equilibrium models with non-price-taking behavior are constructed and analyzed in greater detail. We discover that technical innovation carried out by a monopolist could significantly increase the social welfare. We conclude that, in general, the criticism against monopoly innovation based on its increased deadweight loss is less accurate than previously postulated by many studies.
- Language
-
Englisch
- Bibliographic citation
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Series: Economics Discussion Papers ; No. 2010-10
- Classification
-
Wirtschaft
General Equilibrium and Disequilibrium: General
Welfare Economics: General
- Subject
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Monopoly
social welfare
technical innovation
general equilibrium
- Event
-
Geistige Schöpfung
- (who)
-
Yao, Shuntian
Gan, Lydia
- Event
-
Veröffentlichung
- (who)
-
Kiel Institute for the World Economy (IfW)
- (where)
-
Kiel
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Yao, Shuntian
- Gan, Lydia
- Kiel Institute for the World Economy (IfW)
Time of origin
- 2010
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