Durable good monopoly with one-hoss-shay depreciation

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This paper analyzes the effects of one-hoss-shay depreciation on the equilibrium stock path in a monopoly market for a durable good. It is shown that the stock path oscillates, converging to a stationary level lower than the competitive level.
Publisher
Elsevier
Issue Date
1990-05
Language
English
Citation

Economics Letters , v.33, no.1, pp.1 - 4

ISSN
0165-1765
URI
http://hdl.handle.net/10203/64742
Appears in Collection
MT-Journal Papers(저널논문)
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