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 originale | Anglais |
---|---|
Pages (de - à) | 95-98 |
Nombre de pages | 4 |
journal | Economics Letters |
Volume | 150 |
Les DOIs | |
Etat de la publication | Publié - 1 janv. 2017 |