In industries with perishable goods dynamic pricing schemes are often used and many models have been proposed to maximize seller’s revenues. These models are based on a range of assumptions about how customers make buying decisions. Some assume that customers are myopic and are not forward...

Industry competition is one of the critical determinants of innovation strategy of the firm. Since the seminal contribution of Schumpeter, a large body of literature investigated the impacts of industry competition on innovation strategy by mainly focusing on R&D investment. This paper adds to...