Home >> Applied Economics Letters, Volume 7, Number 7

Socially optimal cost-reducing R&D with product durability

Author: Goel R. K.

Source: Applied Economics Letters, Volume 7, Number 7, 1 July 2000 , pp. 487-488(2)

Publisher: Routledge, part of the Taylor & Francis Group

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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.

Language: English

Document Type: Research article

Publication date: 2000-07-01

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