Production and Advertising in a Dynamic Hotelling Monopoly

Lambertini, Luca (2001) Production and Advertising in a Dynamic Hotelling Monopoly. DOI 10.6092/unibo/amsacta/680.
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Abstract

I characterise the dynamics of capacity accumulation and investment in advertising in a spatial monopoly model, contrasting the socially optimal behaviour of a benevolent planner against the behaviour of a profit-maximising monopolist. I show that, in steady state, the monopolist always distorts both kinds of investment as compared to the social optimum, except in a situation where the Ramsey equilibrium prevails under both regimes.

Abstract
Tipologia del documento
Monografia (Working paper)
Autori
AutoreAffiliazioneORCID
Lambertini, Luca
Parole chiave
capital accumulation advertising steady state saddle point
Settori scientifico-disciplinari
DOI
Data di deposito
17 Giu 2004
Ultima modifica
17 Feb 2016 14:00
URI

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