Monopoly and Contrived Depreciation.
It has often been argued that "artificial" limitations on durability tend to be associated with monopoly elements in an economy. The producer has to face the question of how durable to make his product. Evidently if he makes it too durable, as soon as people have bought one unit they will not need a...
| Publicado en: | Journal of Political Economy Vol. 80; no. 3; pp. 598 - 603 |
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| Formato: | Artículo |
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University of Chicago Press
May/Jun72 Part 1
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=5052319&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 5052319 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00223808 JPE jtl: Journal of Political Economy issn: 00223808 maglogo: N pubinfo: dt: May/Jun72 Part 1 vid: 80 iid: 3 pid: 415 pub: University of Chicago Press artinfo: ui: 5052319 10.1086/259909 ppf: 598 ppct: 5 formats: tig: atl: Monopoly and Contrived Depreciation. aug: au: Barro, Robert J. affil: Brown University. University of Chicago. su: Durable consumer goods Monopolies Depreciation Demand function Selling Households Prices Economic demand sug: subj: Durable consumer goods Monopolies Depreciation Demand function Selling Households Prices Economic demand ab: It has often been argued that "artificial" limitations on durability tend to be associated with monopoly elements in an economy. The producer has to face the question of how durable to make his product. Evidently if he makes it too durable, as soon as people have bought one unit they will not need another for a substantial period during which there will he no repeat demand for his product. He has an interest in making it less durable so that people will come back that much sooner to buy another unit. On the other hand since a monopolistic producer is being considered, it is not clear why increases in price cannot serve equally as well as reductions in durability. Households are assumed to be both the owners and the users of durables, with firms monopolizing the sale of durables to households. The utility of each household depends on the flow of consumables and on the flow of services from the single type of durable good. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1972 holdings: @attributes: islocal: N |
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