New products are vital to the economic success of businesses. The speed and market dynamics of innovation in industry are important to understand when developing a business strategy from areas such as research funding to corporate structure. Developing a better understanding of the typical...

Pricing is a critical issue in the strategic marketing of durable goods, both to companies selling goods and to consumers choosing among alternative products. The multi-dimensional pricing of durable goods is a complex problem. We are interested in the basic question of how profit maximizing...