Does the market deliver the right technology?

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Résumé

We show that the market does not systematically deliver the right technology under monopolistic competition. (i) Firms might rush on large-scale technology, pushing to the exit many desirable varieties produced by small firms. (ii) Firms might shun large-scale technology, though that technology would benefit the society through lower prices. (iii) A bias towards small-scale technology in some stage of development, and a bias towards large-scale technology in another stage is also a possibility.

langue originaleAnglais
Pages (de - à)95-98
Nombre de pages4
journalEconomics Letters
Volume150
Les DOIs
Etat de la publicationPublié - 1 janv. 2017

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