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.

langueAnglais
Pages95-98
Nombre de pages4
journalEconomics Letters
Volume150
Les DOIs
étatPublié - 1 janv. 2017

Empreinte digitale

Monopolistic competition
Exit
Small firms
Stages of development

mots-clés

    Citer ceci

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    title = "Does the market deliver the right technology?",
    abstract = "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.",
    keywords = "Monopolistic competition, Productivity, Technology, Welfare",
    author = "{\'E}ric Toulemonde",
    year = "2017",
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    journal = "Economics Letters",
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    Does the market deliver the right technology? / Toulemonde, Éric.

    Dans: Economics Letters, Vol 150, 01.01.2017, p. 95-98.

    Résultats de recherche: Contribution à un journal/une revueArticle

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