Stationary Equilibrium in a Market for Durable Assets
- 1 July 1985
- journal article
- Published by JSTOR in Econometrica
- Vol. 53 (4) , 783
- https://doi.org/10.2307/1912654
Abstract
This paper presents a dynamic model of consumer trading on the primary, secondary, and scrap markets for a stochastically deteriorating durable good in a statio...Keywords
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