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Technical Progress and Product Reliability under Competition and Monopoly |
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| Authors: | Donald A. R. George |
| Affiliation: | School of Economics, University of Edinburgh, , Edinburgh, UK |
| Abstract: | Technical progress lowers costs and prices but appears to have an ambiguous effect on product reliability. This paper presents a simple model which explains this observation. Copyright © 2013 John Wiley & Sons, Ltd. |
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