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Author : Hideo Konishi
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.36/5 ( download)
Download or read book Existence of Stationary Equilibrium in the Markets for New and Used Durable Goods written by Hideo Konishi and published by . This book was released on 2000 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Hideo Konishi
Publisher :
ISBN 13 :
Total Pages : 33 pages
Book Rating : 4.02/5 ( download)
Download or read book Existence of Stationary Equilibrium in the Markets for New and Used Durable Goods written by Hideo Konishi and published by . This book was released on 2000 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dmitriy Stolyarov
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.63/5 ( download)
Download or read book Turnover of Used Durables in a Stationary Equilibrium written by Dmitriy Stolyarov and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Michael T. Sandfort
Publisher :
ISBN 13 :
Total Pages : 414 pages
Book Rating : 4.81/5 ( download)
Download or read book An Analysis of Consumer Holdings of Durable Goods, with and Without Transaction Costs written by Michael T. Sandfort and published by . This book was released on 1998 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : University of Wisconsin--Madison. Social Systems Research Institute
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ISBN 13 :
Total Pages : 402 pages
Book Rating : 4.60/5 ( download)
Download or read book SSRI Reprint Series written by University of Wisconsin--Madison. Social Systems Research Institute and published by . This book was released on with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Igal Hendel
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.89/5 ( download)
Download or read book Adverse Selection in Durable Goods Markets written by Igal Hendel and published by . This book was released on 1997 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: An undesirable feature of Akerlof style models of adverse selection is that ownership of" used cars is independent of preferences and is therefore ad hoc. We present a dynamic model" that incorporates the market for new goods. Consumers self-select into buying new or used" goods making ownership of used goods endogenous. We show that, in contrast with Akerlof and" in agreement with reality, the used market never shuts down and that the volume of trade can be" quite substantial even in cases with severe informational asymmetries. By incorporating the" market for new goods, the model lends itself to a study of the effects of adverse selection on" manufacturers' incentives. We find that manufacturers may gain from adverse selection. We" also give an example in which the market allocation under adverse selection is socially optimal." An extension of the model to a world with many brands that differ in reliability leads to testable" predictions of the effects of adverse selection. We show that unreliable car brands have steeper" price declines and lower volumes of trade
Author :
Publisher :
ISBN 13 :
Total Pages : 1128 pages
Book Rating : 4.30/5 ( download)
Download or read book Journal of Economic Dynamics & Control written by and published by . This book was released on 2002 with total page 1128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : John Philip Rust
Publisher :
ISBN 13 :
Total Pages : 146 pages
Book Rating : 4.19/5 ( download)
Download or read book Stationary Equilibrium in a Market for Durable Assets written by John Philip Rust and published by . This book was released on 1983 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : William James Carmody
Publisher :
ISBN 13 :
Total Pages : 262 pages
Book Rating : 4.87/5 ( download)
Download or read book Rational Expectations Equilibria, Product Spectra, and Warranties in a Durable Goods Market written by William James Carmody and published by . This book was released on 1982 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Keith Waehrer
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.00/5 ( download)
Download or read book The Effects of Mergers in Open Auction Markets written by Keith Waehrer and published by . This book was released on 2001 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
