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Monopoly production and pricing of finitely durable goods with strategic consumers’ fluctuating willingness to pay

Tilson, Vera; Zheng, Xiaobo - 2013

Demand volatility and production lead time oblige manufacturers of made-to-stock goods to use economic forecasts in deciding on production quantities. Manufacturers of finitely durable goods face an additional complication -- in making production decisions, they must consider not only the...

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