Kinokuni, Hiroshi; Ohkawa, Takao; Okamura, Makoto - In: International Journal of Industrial Organization 28 (2010) 5, pp. 441-450
This paper examines whether the built-in durability chosen by a durable-good monopolist and the actual durability associated with consumer maintenance are excessive or insufficient. Our research indicates that only in situations where both the consumer maintenance market and the secondhand...