Monopoly, Social Welfare, and Multi Product Quality

Amit Gayer 1
  • 1 Department of Economics, Western Galilee College, Akko 24121, Israel

Abstract

This paper investigates a market with vertical product differentiation, where both qualities and consumers are represented by uni-dimensional intervals. Our framework deals with a continuum of consumers. We investigate the consumers' self selection in a product quality model under an offer-spectrum of quality-price pairs.

We show the conditions under which there will be no market failure.

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