Companies can adopt trade-in and/or leasing to shorten consumers' upgrade cycle and gain control over secondary markets. In this paper, we consider a monopolistic manufacturer who offers a technology product to a market consisting of heterogeneous consumers. We focus on an exogenous, stochastic innovation process that determines the availability of new technology and consequently, residual valu...

Leasing contracts are extensively used in durable goods markets. These contracts specify a rental rate and an option price at which the used good can be bought upon termination of the lease. This option price cannot be controlled when the car is sold. We show that in a world where quality is observable this additional control variable is ineffective. Under adverse selection instead, leasing con...

It has been recognized that when a durable goods manufacturer sells her output, she has an incentive to produce at a rate that will drive down the market price of her product over time. Because anticipation of declining prices makes consumers less willing to invest in owning the durable good, selling can be self-defeating for the manufacturer. If instead, the manufacturer leases her product, sh...

INTRODUCTION................................................................................... 249 I. BACKGROUND ................................................................................. 251 A. History of Regulation of the Electromagnetic Spectrum.... 251 B. Secondary Markets and Interruptible Leasing ..................... 254 II. DEFINITION................................................

use of leasing is one of main methods for modern companies and commercial unities to finance. leasing industry is scion in iran and requires pass of particular regulation for full of its legal gaps. present contract of iranian leasing companies is the simple hire-purchase. hire-purchase is a new topic that cause of today requirements at recent years, has been entered into legal arena. this meth...

As the most critical resource to promote continuous growth of economic volume, human resources are indispensable development industry. With market economy and improvement people’s pursuit quality life, time talent flow is increasing, which forms social network capital. a new stock, capital can have an impact on individual thoughts or behaviors. This paper with recruitment website workers repeat...

We study the problem of leasing facilities over time, following the general infrastructure leasing problem framework introduced by Anthony and Gupta [1]. If there are K different lease types, Anthony and Gupta give an O(K)-approximation algorithm for the problem. We are able to improve this to a 3-approximation algorithm by using a variant of the primal-dual facility location algorithm of Jain ...