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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Economics Discussion Papers ; No. 2010-10
- Klassifikation
-
Wirtschaft
General Equilibrium and Disequilibrium: General
Welfare Economics: General
- Thema
-
Monopoly
social welfare
technical innovation
general equilibrium
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Yao, Shuntian
Gan, Lydia
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Yao, Shuntian
- Gan, Lydia
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2010
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