Vaporware

Jay Pil Choi, Eirik Gaard Kristiansen, Jae Hyon Nahm

Research output: Contribution to journalArticle

8 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 languageEnglish
Pages (from-to)653-669
Number of pages17
JournalInternational Economic Review
Volume51
Issue number3
DOIs
Publication statusPublished - 2010 Aug 1

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Preannouncements
Social welfare
Product quality
Computer industry
New products
Cheap talk

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

Vaporware. / Choi, Jay Pil; Kristiansen, Eirik Gaard; Nahm, Jae Hyon.

In: International Economic Review, Vol. 51, No. 3, 01.08.2010, p. 653-669.

Research output: Contribution to journalArticle

Choi, JP, Kristiansen, EG & Nahm, JH 2010, 'Vaporware', International Economic Review, vol. 51, no. 3, pp. 653-669. https://doi.org/10.1111/j.1468-2354.2010.00596.x
Choi, Jay Pil ; Kristiansen, Eirik Gaard ; Nahm, Jae Hyon. / Vaporware. In: International Economic Review. 2010 ; Vol. 51, No. 3. pp. 653-669.
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