Jump to ContentJump to Main Navigation
Creating a Learning SocietyA New Approach to Growth, Development, and Social Progress$
Users without a subscription are not able to see the full content.

Joseph Stiglitz and Bruce Greenwald

Print publication date: 2014

Print ISBN-13: 9780231152143

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231152143.001.0001

Show Summary Details
Page of

PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 14 June 2021

Learning with Monopolistic Competition

Learning with Monopolistic Competition

Chapter:
(p.310) Chapter Nine Learning with Monopolistic Competition
Source:
Creating a Learning Society
Author(s):

Joseph E. Stiglitz

Bruce C. Greenwald

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231152143.003.0009

This chapter focuses on certain simplified cases where the market distortions associated with learning can be identified. It first describes the behavior of the monopolist. It then contrasts the monopoly outcome with the competitive outcome, focusing in particular on the case of symmetry. Next, it discusses the optimal government intervention, focusing on the special case of a two-sector model, in one of which there is learning which spills over to the other. In this case, it is shown that not only is a subsidy on manufacturing desirable, there is even some presumption that it should be larger with monopoly than with competition.

Keywords:   learning, monopoly, competition, spillovers, two-sector model, taxation, economic policy, government intervention, market distortion, symmetry

Columbia Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us .