|Choi, Jay Pil
|Kristiansen, Eirik Gaard
|It is a widely adopted practice for firms to announce new products well in advance of actual market availability, especially in the computer industry. This practice of pre-announcement often has been derisively referred to as “vaporware” since many of the products either never reach the market or are significantly delayed. We provide a simple model of vaporware and discuss its implications for social welfare and anti-trust policy.
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