This paper investigates the effects of uncertainty emanating from technological improvements on the optimal lifetime of assets. In does so in a dynamic model in which: a) technological change increases continuously the productivity of producers' durables, b) potential competition induces firms...

A growing middle class, an upsurge in disposable income levels and satisfactory availability of financing options have contributed to the enormous demand for used cars in India. However, the used car market in India is highly unorganized, operating with a large number of uncertified used car...

Whilst self-driving cars are not vehicles of the future, but technology that is already available, their acceptance and implementation is heavily limited. People consider them as technology that has a lot of risk-be it technological, IT related, or even ethical. The aim of the present paper is...