When a firm introduces newer product generations over time, forward-looking consumers can either buy the current version immediately or wait for a newer version. The value of the newer generation is ex ante uncertain. We investigate the role of pricing policies in forming consumer behavior, and...

The wide variety of pricing policies used in practice by data-sellers suggests that there are significant challenges in pricing datasets. In this paper, we develop a utility framework that is appropriate for data-buyers and the corresponding pricing of the data by the data-seller. A buyer...