A Note on Welfare in the Durable-Goods Monopoly

David A. Malueg; John L. Solow

doi:10.2307/2554327

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A Note on Welfare in the Durable-Goods Monopoly

Journal article

Peer reviewed

A Note on Welfare in the Durable-Goods Monopoly

David A. Malueg and John L. Solow

Economica (London), Vol.56(224), pp.523-527

11/01/1989

DOI: 10.2307/2554327

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Abstract

Depending upon the shape of the rental demand curve facing a durable-goods monopolist, social welfare may be raised or lowered by requiring the monopolist to sell, rather than rent, its output. Indeed, the equilibrium under rentals may Pareto-dominate the equilibrium under sales.

Social Welfare

Consumer economics

Consumer equilibrium

Demand curves

Durability

Durable goods

Economic models

Leases

Marginal revenue

Monopoly

Details

Title: Subtitle: A Note on Welfare in the Durable-Goods Monopoly
Creators: David A. Malueg
John L. Solow
Resource Type: Journal article
Publication Details: Economica (London), Vol.56(224), pp.523-527
DOI: 10.2307/2554327
ISSN: 0013-0427
eISSN: 1468-0335
Publisher: London School of Economics and Political Science
Number of pages: 5
Language: English
Date published: 11/01/1989
Academic Unit: Economics
Record Identifier: 9984963536302771

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