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Research Details
Products Liability and Monopoly in a Contestable Market, Economica
Abstract
Sustainable monopoly prices, outputs and producer care are examined in a contestable market setting under alternative liability rules. The market attains a second-best optimum under strict liability, negligence and no liability. The threat of entry is thus sufficient for a monopoly to supply second-best optimal product quality.
Type
Article
Author(s)
Date Published
1988
Citations
Spulber, Daniel. 1988. Products Liability and Monopoly in a Contestable Market. Economica. 55(219): 333-341.
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