A Vintage Model of Trade in Secondhand Markets and the Lifetime of Durable Goods

DOI10.1080/08898480802440828MaRDI QIDQ3605218zbMATH OpenOpenAlexFDO

Authors Omar Licandro, Luis A. Puch, Antonio Sampayo

Publication date 23 February 2009

Published in Mathematical Population Studies (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1080/08898480802440828

zbMATH Keywords

optimal consumptionreplacementvintage capitalheterogeneous consumerseconomic obsolescencesecondhand markets

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Trade models (91B60)

Recommendations

• Existence of stationary equilibrium in the markets for new and used durable goods
• Competitive search markets for durable goods
• Publication:3483034
• Stationary Equilibrium in a Market for Durable Assets
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Cites work

• Concavity in a vintage capital model with nonlinear utility
• Creative destruction, investment volatility, and the average age of capital
• International Trade Theory in Vintage Models
• Replacement and the rental value of capital equipment subject to obsolescence
• Replacement echoes in the vintage capital growth model
• Turnpike and optimal trajectories in integral dynamic models with endogeneous delay

Cited in

(8)

• When is it Optimal to Kill off the Market for Used Durable Goods?
• A double auction based mathematical market model and heuristics for Internet-based secondhand durable good markets
• Existence of stationary equilibrium in the markets for new and used durable goods
• Trade-in strategy for durable products in the presence of a peer-to-peer second-hand marketplace
• Stationary Equilibrium in a Market for Durable Assets
• scientific article; zbMATH DE number 4154159 (Why is no real title available?)
• Scarcity, regulation and endogenous technical progress
• Durable goods leasing in the presence of exporting used products to an international secondary market

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