Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/41560 
Year of Publication: 
2010
Citation: 
[Journal:] Economics: The Open-Access, Open-Assessment E-Journal [ISSN:] 1864-6042 [Volume:] 4 [Issue:] 2010-27 [Publisher:] Kiel Institute for the World Economy (IfW) [Place:] Kiel [Year:] 2010 [Pages:] 1-21
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
Abstract: 
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 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.
Subjects: 
Monopoly
technical innovation
welfare effects
general equilibrium
JEL: 
D50
D60
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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