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180718b2000 xxu||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Baldani, Jeffrey |
| 245 ## - TITLE STATEMENT |
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| Title |
Technical change and profits: the prisoner's dilemma |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. |
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| Date of publication, distribution, etc. |
2000 |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
p.104-18 |
| 362 ## - DATES OF PUBLICATION AND/OR SEQUENTIAL DESIGNATION |
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| Dates of publication and/or sequential designation |
Mar |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc. |
We examine the implications of biased-lower marginal, but higher fixed, cost - technical change in a model of oligopoly. Such changes create an incentive for firms to adopt new technologies in a quest for increased output, market share, and profits. These individual incentives lead to a prisoner's dilemma: the increase in firms' outputs causes market price to fall. The analysis specifies conditions under which the decrease in price will result in lower profits for both the individual firms and the industry as a whole. - Reproduced |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
Technological change |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
Marxism |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
Profits |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
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| Personal name |
Michl, Thomas R. |
| 773 ## - HOST ITEM ENTRY |
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| Main entry heading |
Review of Radical Political Economics |
| 909 ## - |
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| -- |
44492 |
