Socially Optimal Cost-Reducing R&D with Product Durability

Applied Economics Letters, vol. 7, no. 7, pp. 487-488

Posted: 6 Apr 2016

See all articles by Rajeev K. Goel

Rajeev K. Goel

Illinois State University - Department of Economics

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

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

Rajeev K. Goel (Contact Author)

Illinois State University - Department of Economics ( email )

Normal, IL 61790-4200
United States

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