Optimal warranties, reliabilities and pr
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Gregory A. DeCroix
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Article
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1999
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Elsevier Science
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English
⚖ 204 KB
This paper addresses the problem of durable goods manufacturers in an oligopoly seeking optimal values for three decision variables: product warranty, reliability and price. Each ®rm seeks a warranty-reliability-price combination that maximizes expected pro®t subject to quite general constraints on