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Existence of Stationary Equilibrium in the Markets for New and Used Durable Goods

Existence of Stationary Equilibrium in the Markets for New and Used Durable Goods PDF Author: Hideo Konishi
Publisher:
ISBN:
Category : Durable goods, Consumer
Languages : en
Pages : 50

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Book Description

Existence of Stationary Equilibrium in the Markets for New and Used Durable Goods

Existence of Stationary Equilibrium in the Markets for New and Used Durable Goods PDF Author: Hideo Konishi
Publisher:
ISBN:
Category : Durable goods, Consumer
Languages : en
Pages : 50

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Book Description

Existence of Stationary Equilibrium in the Markets for New and Used Durable Goods

Existence of Stationary Equilibrium in the Markets for New and Used Durable Goods PDF Author: Hideo Konishi
Publisher:
ISBN:
Category : Durable goods, Consumer
Languages : en
Pages : 33

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Book Description

Turnover of Used Durables in a Stationary Equilibrium

Turnover of Used Durables in a Stationary Equilibrium PDF Author: Dmitriy Stolyarov
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
This paper develops a dynamic model with transaction costs to determine the equilibrium resale pattern in a market for a durable good. The key result is that the probability of resale is nonmonotonic in the age of the good. Trade volume is relatively low in the very beginning and in the middle of a good's life. This result helps explain observed variations of resale rates across vintages for the U.S. market of used cars.

An Analysis of Consumer Holdings of Durable Goods, with and Without Transaction Costs

An Analysis of Consumer Holdings of Durable Goods, with and Without Transaction Costs PDF Author: Michael T. Sandfort
Publisher:
ISBN:
Category :
Languages : en
Pages : 414

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SSRI Reprint Series

SSRI Reprint Series PDF Author: University of Wisconsin--Madison. Social Systems Research Institute
Publisher:
ISBN:
Category :
Languages : en
Pages : 402

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Rational Expectations Equilibria, Product Spectra, and Warranties in a Durable Goods Market

Rational Expectations Equilibria, Product Spectra, and Warranties in a Durable Goods Market PDF Author: William James Carmody
Publisher:
ISBN:
Category : Durable goods, Consumer
Languages : en
Pages : 262

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Journal of Economic Dynamics & Control

Journal of Economic Dynamics & Control PDF Author:
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 1128

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Stationary Equilibrium in a Market for Durable Assets

Stationary Equilibrium in a Market for Durable Assets PDF Author: John Philip Rust
Publisher:
ISBN:
Category :
Languages : en
Pages : 146

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Mathematical Reviews

Mathematical Reviews PDF Author:
Publisher:
ISBN:
Category : Mathematics
Languages : en
Pages : 1078

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The Effects of Mergers in Open Auction Markets

The Effects of Mergers in Open Auction Markets PDF Author: Keith Waehrer
Publisher:
ISBN:
Category : Auctions
Languages : en
Pages : 42

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Book Description