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2011-01-26

As we saw in the review of single-innovation models, small restrictions on the patent holder’s pricing from the unconstrained monopoly level will have a second order effect on the monopolist’s profits (since profits were maximized at the unconstrained price) but a first order effect on deadweight loss (since social welfare was not).

在该语境中的含义?


from

Katharine Rockett,Property rights and invention chapter7,In: handbook of the economics of innovation,edited by Rbonwyn H.Hall and Nathan Rosenberg,North-Holland
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