Choi, Jay Pil; Kristiansen, Eirik Gaard; Nahm, Jae - In: CESifo economic studies : CESifo, a joint initiative of … 51 (2005) 2/3, pp. 299-319
In markets with ongoing technological progress, buyers must choose when to buy. These buy/wait decisions may have a significant impact on innovators’ and buyers’ surpluses. In making these decisions, buyers often rely on information provided by firms. For instance, it is a common practice...
