This article captures the effects of secondary markets on the durable goods with game theory technology. Firstly, under monopoly in production, secondary markets both improve the producer's profits and extend the market size. Secondly, to improve the profits, the producer launches the secondary...

Collective reputation, such as watches "made in Switzerland", affects the whole industry all over the world. This article highlights the relationship between competition and collective reputation. First, collective quality level depends on firms objectives. Second, the collectively determined...