全球智库信息集成服务系统(G2TT): Lumpy Consumer Durables, Market Power, and Endogenous Business Cycles

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w8296
来源ID	Working Paper 8296
	Lumpy Consumer Durables, Market Power, and Endogenous Business Cycles
	Kala Krishna; Cemile Yavas
发表日期	2001-05-01
出版年	2001
语种	英语
摘要	This paper examines the role of lumpy consumer durables and market power in generating endogenous cycles which seem to be consistent with the facts. When goods are durable, past consumption choices determine the current market size which consists of consumers who have not purchased the good previously, and who have the income to make their potential demand effective. Larger past sales, ceteris paribus, thus naturally result in a smaller current market size and income. In this manner, the seeds of a downturn are sown in an upturn.
主题	Macroeconomics ; Business Cycles ; Macroeconomic Models
URL	https://www.nber.org/papers/w8296
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/565894
推荐引用方式 GB/T 7714	Kala Krishna,Cemile Yavas. Lumpy Consumer Durables, Market Power, and Endogenous Business Cycles. 2001.