Dynamics of Consumer Demand for New Durable Goods
نویسندگان
چکیده
منابع مشابه
Dynamics of Consumer Demand for New Durable Goods
This paper specifies and estimates a dynamic model of consumer preferences for new durable goods with persistent heterogeneous consumer tastes, rational expectations about future products and repeat purchases over time. Most new consumer durable goods, particularly consumer electronics, are characterized by relatively high initial prices followed by rapid declines in prices and improvements in ...
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 2012
ISSN: 0022-3808,1537-534X
DOI: 10.1086/669540