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Peer reviewed Peer reviewed
ERIC Number: EJ561924
Record Type: CIJE
Publication Date: 1998
Pages: N/A
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: ISSN-0022-0485
Technology Adoption and Welfare under a Monopoly: An Illustration of Microeconomic Policy Analysis.
Hennessy, David A.
Journal of Economic Education, v29 n2 p111-17 Spr 1998
Uses a graphical analysis to determine the importance of quantity for consumer welfare and to examine the manner in which private and social welfare diverge in a monopoly. Criticizes the opinion that technology adoption by a monopoly always assumes a uniformly downward shift in the marginal cost curve. (MJP)
Descriptors: Business Cycles, Consumer Economics, Economic Impact, Economics, Economics Education, Higher Education, Microeconomics, Ownership, Productivity, Science and Society, Sociocultural Patterns, Socioeconomic Influences, Technological Advancement, Technology Transfer, Well Being
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers: N/A