In this paper, we consider the case when two profit-maximizing firms enter a new market with a competing product that has a finite (and known) life cycle. Both firms make design decisions simultaneously without information about the other firm's decisions. The order of entry is a function of the...

We introduce and study the range contract, which allows a buyer to procure from a supplier at a prescribed price any amount within a specified range. In return, the supplier is compensated up front for the width of the range with a range fee. This fee can be viewed as the buyer trading monetary...