We deal with new product preannouncements in markets where customer preferences are unknown and highly unstable, as would be the case with disruptive product innovations. Our analysis is focused on the tradeoff between the firms incentive to influence consumer preferences via preannouncements...

The paper presents a dynamic model of endogenous growth with boundedly-rational, locally interacting, firms. Technologies are randomly distributed in a n-dimensional lattice (the productivity space) in such a way that distances between any two practices in the lattice can be taken as a proxy of...