Grout, Paul A.; Park, In-Uck - In: RAND Journal of Economics 36 (2005) 3, pp. 596-612
configurations where a firm cannot survive in the competitive market unless its product exhibits planned and known obsolescence. This …We provide a model of planned obsolescence in a competitive market. A feature of the model is that there are … form of obsolescence is complementary to that of existing models and arises from the ability of planned obsolescence to …