Equilibrium in a durable goods market with lumpy adjustment

DOI10.1016/J.JET.2004.12.005MaRDI QIDQ2496232zbMATH OpenOpenAlexFDO

Authors Yanyan Li

Publication date 12 July 2006

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2004.12.005

zbMATH Keywords

durable goodsequilibriumS,s policies

Mathematics Subject Classification ID

Economic growth models (91B62)

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Cites work

• (S, s) Inventory Policies in General Equilibrium
• A Multistage Model of Bargaining
• Aggregation and Optimization with State-Dependent Pricing
• Asset Pricing and Optimal Portfolio Choice in the Presence of Illiquid Durable Consumption Goods
• Consumer durables and inertial behaviour: Estimation and aggregation of \((S,s)\) rules for automobile purchases
• Durable Goods Monopoly with Entry of New Consumers
• Dynamic (S, s) Economies
• On the Timing and Efficiency of Creative Destruction
• Optimal Inventory Policy
• Search, Price Setting and Inflation
• State-Dependent Pricing and the Dynamics of Money and Output
• State-Dependent Pricing and the General Equilibrium Dynamics of Money and Output
• The Durable Goods Monopolist and Consistency with Increasing Costs
• The Timing of Purchases and Aggregate Fluctuations

Cited in

(9)

• The Timing of Purchases and Aggregate Fluctuations
• On the dynamics of a durable commodity market
• Multiplicity and stability of equilibrium in trade models with durable goods
• A \(Q\)-theory model with lumpy investment
• Cycles and multiple equilibria in the market for durable lemons
• Existence of stationary equilibrium in the markets for new and used durable goods
• Stationary Equilibrium in a Market for Durable Assets
• Retail sales of durable goods, inventories and imports after large devaluations
• Credit shocks and equilibrium dynamics in consumer durable goods markets

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