Vaporware

Jay Pil Choi; Eirik Gaard Kristiansen; Jae Nahm

doi:10.1111/j.1468-2354.2010.00596.x

Vaporware

Jay Pil Choi, Eirik Gaard Kristiansen, Jae Nahm

Department of Economics

Research output: Contribution to journal › Article › peer-review

12 Citations (Scopus)

Abstract

It is a widely adopted practice for firms to announce new products well in advance of actual market availability, especially in the computer industry. In this article, a firm makes pre-announcements on its product, which are "cheap talk." We develop a reputation model of "vaporware" where the product pre-announcement can partially convey information about the product's quality. We discuss its implications for social welfare.

Original language	English
Pages (from-to)	653-669
Number of pages	17
Journal	International Economic Review
Volume	51
Issue number	3
DOIs	https://doi.org/10.1111/j.1468-2354.2010.00596.x
Publication status	Published - 2010 Aug

ASJC Scopus subject areas

Economics and Econometrics

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10.1111/j.1468-2354.2010.00596.x

Cite this

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author = "Choi, {Jay Pil} and Kristiansen, {Eirik Gaard} and Jae Nahm",

year = "2010",

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journal = "International Economic Review",

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AU - Kristiansen, Eirik Gaard

AU - Nahm, Jae

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AB - It is a widely adopted practice for firms to announce new products well in advance of actual market availability, especially in the computer industry. In this article, a firm makes pre-announcements on its product, which are "cheap talk." We develop a reputation model of "vaporware" where the product pre-announcement can partially convey information about the product's quality. We discuss its implications for social welfare.

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DO - 10.1111/j.1468-2354.2010.00596.x

M3 - Article

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VL - 51

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EP - 669

JO - International Economic Review

JF - International Economic Review

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Vaporware

Abstract

ASJC Scopus subject areas

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