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Technical Progress and Product Reliability under Competition and Monopoly
Author(s) -
George Donald A. R.
Publication year - 2013
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.2576
Subject(s) - monopoly , reliability (semiconductor) , competition (biology) , economics , product (mathematics) , simple (philosophy) , microeconomics , industrial organization , mathematics , power (physics) , ecology , philosophy , physics , geometry , epistemology , quantum mechanics , biology
Technical progress lowers costs and prices but appears to have an ambiguous effect on product reliability. This paper presents a simple model which explains this observation. Copyright © 2013 John Wiley & Sons, Ltd.
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