Galera, Francisco; Álvarez, José Luis; Molero, Juan Carlos - School of Economics and Business Administration, … - 2012
welfare. Our results reinforce the traditional wisdom that an increase in output is a necessary condition for price … discrimination to improve social welfare. But we also find that the positive output effect does not need to be as large as previously … supposed since, under some conditions, the monopoly will move to a socially preferred technology only if third-degree price …