کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
957784 928573 2006 27 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Equilibrium in a durable goods market with lumpy adjustment
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Equilibrium in a durable goods market with lumpy adjustment
چکیده انگلیسی
Durable goods are an important component of the business cycle. Equilibrium models of durable goods markets are made difficult by the lumpy nature of individual purchases. We show that a straightforward approximation of the distribution of durable goods holdings gives rise to a tractable equilibrium model. We analyze the case of competition as well as that of a monopoly producer.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 128, Issue 1, May 2006, Pages 187-213
نویسندگان
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