| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14737 |
| 来源ID | Working Paper 14737 |
| Dynamics of Consumer Demand for New Durable Goods | |
| Gautam Gowrisankaran; Marc Rysman | |
| 发表日期 | 2009-02-19 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | Most new consumer durable goods experience rapid prices declines and quality improvements, suggesting the importance of modeling dynamics. This paper specifies a dynamic model of consumer preferences for new durable goods with persistently heterogeneous consumer tastes, rational expectations, and repeat purchases over time. We estimate the model on the digital camcorder industry using panel data on prices, sales and characteristics. We find that the one-year elasticity in response to a transitory industry-wide price shock is about 25% less than the one-month elasticity. Standard cost-of-living indices overstate welfare gain in later periods due to a changing composition of buyers. |
| 主题 | Econometrics ; Estimation Methods ; Macroeconomics ; Business Cycles ; Industrial Organization ; Market Structure and Firm Performance ; Industry Studies |
| URL | https://www.nber.org/papers/w14737 |
| 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/572413 |
| 推荐引用方式 GB/T 7714 | Gautam Gowrisankaran,Marc Rysman. Dynamics of Consumer Demand for New Durable Goods. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14737.pdf（492KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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