Internet Security, Vulnerability Disclosure and Software Provision
Choi, Jay-Pil, Fershtman, Chaim, Gandal, Neil
In this paper, we examine how software vulnerabilities affect firms that license software and consumers that purchase software. In particular, we model three decisions of the firm: (i) an upfront...
Network Security: Vulnerabilities and Disclosure Policy
Choi, Jay-Pil, Fershtman, Chaim, Gandal, Neil
Software security is a major concern for vendors, consumers, and regulators since attackers that exploit vulnerabilities can cause substantial damages. When vulnerabilities are discovered after the...