Consumption, Durable Goods, and Transaction Costs
Preprint
- 1 January 2003
- preprint
- Published by Elsevier in SSRN Electronic Journal
Abstract
We study consumption of durable and nondurable goods when the durable good is subject to transaction costs. In the model, agents derive utility from a serviKeywords
All Related Versions
This publication has 24 references indexed in Scilit:
- Consumer Durables and Inertial Behaviour: Estimation and Aggregation of (S, s) Rules for Automobile PurchasesThe Review of Economic Studies, 2000
- Unemployment Risk, Precautionary Saving, and Durable Goods Purchase DecisionsSSRN Electronic Journal, 1998
- House prices and home owner saving behaviorRegional Science and Urban Economics, 1996
- Consumption, Down Payments, and Liquidity ConstraintsJournal of Money, Credit and Banking, 1996
- Adjustment of Consumers' Durables Stocks: Evidence from Automobile PurchasesJournal of Political Economy, 1994
- Microeconomic Adjustment Hazards and Aggregate DynamicsThe Quarterly Journal of Economics, 1993
- Understanding ConsumptionPublished by Oxford University Press (OUP) ,1992
- Dynamic (S, s) EconomiesEconometrica, 1991
- Real Estate Assets and Consumer SpendingThe Quarterly Journal of Economics, 1987
- Optimal economic growth and uncertainty: The discounted caseJournal of Economic Theory, 1972