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Competitive Planned Obsolescence

Author

Listed:
  • Paul A. Grout

    (University of Bristol and CMPO)

  • In-Uck Park

    (University of Bristol and CMPO)

Abstract

We provide a model of planned obsolescence in a competitive market. A feature of the model is that there are configurations where a firm cannot survive in the competitive market unless its product exhibits planned and known obsolescence. This form of obsolescence is complementary to that of existing models and arises from the ability of planned obsolescence to minimize the lemons problem.

Suggested Citation

  • Paul A. Grout & In-Uck Park, 2005. "Competitive Planned Obsolescence," RAND Journal of Economics, The RAND Corporation, vol. 36(3), pages 596-612, Autumn.
    • Handle: RePEc:rje:randje:v:36:y:2005:3:p:596-612
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    Citations

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    Cited by:

    1. Blonigen, Bruce A. & Knittel, Christopher R. & Soderbery, Anson, 2017. "Keeping it fresh: Strategic product redesigns and welfare," International Journal of Industrial Organization, Elsevier, vol. 53(C), pages 170-214.
    2. Jong-Hee Hahn & Jin-Hyuk Kim, 2015. "R&D Investment, Planned Obsolescence, and Network Effects," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 171(4), pages 652-665, December.
    3. Roland Strausz, 2009. "Planned Obsolescence as an Incentive Device for Unobservable Quality," Economic Journal, Royal Economic Society, vol. 119(540), pages 1405-1421, October.
    4. Eric Brouillat, 2015. "Live fast, die young? Investigating product life spans and obsolescence in an agent-based model," Journal of Evolutionary Economics, Springer, vol. 25(2), pages 447-473, April.
    5. Eric BROUILLAT, 2011. "Durability of consumption goods and market competition: an agent-based modelling," Cahiers du GREThA (2007-2019) 2011-31, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    6. Juan Carlos Henao & Daniel Castaño, 2021. "Disrupción tecnológica, transformación digital y sociedad. Tomo III, Derecho, innovación y tecnología: fundamentos para el mundo digital," Books, Universidad Externado de Colombia, Facultad de Derecho, number 1282, October.
    7. Cerquera Dussán, Daniel, 2007. "Durable Goods, Innovation and Network Externalities," ZEW Discussion Papers 07-086, ZEW - Leibniz Centre for European Economic Research.
    8. Jong-Hee Hahn & Jin-Hyuk Kim, 2012. "Monopoly R&D and Compatibility Decisions in Network Industries," Working papers 2012rwp-43, Yonsei University, Yonsei Economics Research Institute.
    9. Jesús Alfonso Soto Pineda, 2018. "Planned Obsolescence and the rule of law," Books, Universidad Externado de Colombia, Facultad de Derecho, number 1053, October.
    10. Langenberg, Tobias, 2009. "Product Durability in Markets with Consumer Lock-in," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 279, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    11. Dinesh Kumar, U. & Saranga, Haritha, 2010. "Optimal selection of obsolescence mitigation strategies using a restless bandit model," European Journal of Operational Research, Elsevier, vol. 200(1), pages 170-180, January.

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