This paper examines the decision to introduce new products by durable goods producers. Conventional wisdom suggests durable goods producers introduce new products to kill-off used products. However, used units may not compete with new units if initial price can capture the present value of all...

We study the pricing policy of a monopolist selling a durable good with the features of a textbook. We assume buyers differ in their valuation of the good and propensity to resell, and identify the possibility of a positive relationship between the quantity of used goods and the price of a new...

This paper examines the decision to introduce new products by durable goods producers. Conventional wisdom suggests that durable goods producers introduce new products to kill off used products. However, used units may not compete with new units if initial price can capture the present value of...