Huang, Su-Chen; Yu, Shih-Ti; Chi, Woody Chih-Yi; Yang, … - In: Journal of Reviews on Global Economics 4 (2015), pp. 69-75
We show that when it takes time for a durable goods monopolist to make its high-end new technology accessible to low-end market (the trickle-down technology constraint), the monopolist's high-end product might have a higher-than-optimum quality. This result differs from conventional screening...