ERIC Number: EJ561924
Record Type: CIJE
Publication Date: 1998
Reference Count: 0
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)
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Authoring Institution: N/A