Individual discounting and the purchase of durables with random lifetimes

DOI10.1016/0165-1765(94)00584-OMaRDI QIDQ673405zbMATH OpenFDO

Authors Peter Kooreman

Publication date 28 February 1997

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0165-1765(94)00584-O

zbMATH Keywords

durables with random lifetimes

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42)

Recommendations

• Explanation of observed high implicit discount rates of conservation investments using the theory of `investment under uncertainty'
• Saving behavior in stationary equilibrium with random discounting
• Inferring discount rates from time-preference experiments
• Discounting with fat-tailed economic growth
• Time horizon and the discount rate.

Cites work

• An Econometric Analysis of Residential Electric Appliance Holdings and Consumption

Cited in

(5)

• Subjective random discounting and intertemporal choice
• Explanation of observed high implicit discount rates of conservation investments using the theory of `investment under uncertainty'
• Modeling the inconsistency in intertemporal choice: the generalized Weibull discount function and its extension
• Jerry Hausman
• Household lifetime strategies under a self-contagious market

This page was built for publication: Individual discounting and the purchase of durables with random lifetimes

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q673405)