On the definition of monopoly and selection of product characteristics

V. Kerry Smith

Research output: Contribution to journalArticlepeer-review

1 Scopus citations

Abstract

This paper considers the implications of the definition of monopoly for models of firm behavior in the selection of product variety. The results suggest that one's conception of a monopoly structure can influence the conclusions derived on the implications of market structure for product characteristics.

Original languageEnglish (US)
Pages (from-to)11-15
Number of pages5
JournalEconomics Letters
Volume7
Issue number1
DOIs
StatePublished - 1981

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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