Monopoly versus competition. The learning by doing case

Chaim Fershtman, Uriel Spiegel

Research output: Contribution to journalArticlepeer-review


This paper studies the monopolistic and perfect competitive market structures, where the production process incorporates learning by doing. This analysis provides conditions under which monopoly is preferred to perfect competition from the consumers' point of view.

Original languageEnglish
Pages (from-to)217-222
Number of pages6
JournalEuropean Economic Review
Issue number2
StatePublished - 1983
Externally publishedYes


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