Socially Optimal Cost-Reducing R&D with Product Durability
Applied Economics Letters, vol. 7, no. 7, pp. 487-488
Posted: 6 Apr 2016
Date Written: 2000
Abstract
Socially optimal cost-reducing R&D with product durability is studied. Results show that the first period optimal R&D and output with durability exceed the respective levels without durability. The second period R&D and output are identical to the no durability case.
Suggested Citation: Suggested Citation
Goel, Rajeev K., Socially Optimal Cost-Reducing R&D with Product Durability (2000). Applied Economics Letters, vol. 7, no. 7, pp. 487-488, Available at SSRN: https://ssrn.com/abstract=2758935
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