Monopoly, Product Diversity and Welfare

Détails

ID Serval
serval:BIB_A9DC4F9A1696
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Titre
Monopoly, Product Diversity and Welfare
Périodique
Regional Science and Urban Economics
Auteur⸱e⸱s
De Mezza D., Von Ungern-Sternberg T.
ISSN
0166-0462
Statut éditorial
Publié
Date de publication
1982
Peer-reviewed
Oui
Volume
12
Numéro
3
Pages
313-324
Langue
anglais
Résumé
The more homogeneous its customers the easier it is for a monopolist to extract consumer surplus. Offering a range of product varieties (or spatial locations) sorts consumers into groups with similar preferences. The profit opportunities this yields may result in a monopoly providing more product choice than is socially optimal. Nevertheless, monopoly may be socially preferable to a free entry imperfectly competitive equilibrium.
Web of science
Création de la notice
19/11/2007 11:44
Dernière modification de la notice
20/08/2019 16:14
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