Burdett-Judd Redux

James Albrecht

No 985, 2015 Meeting Papers from Society for Economic Dynamics

Abstract: We consider a dynamic version of the Burdett-Judd model that features consumer heterogeneity in a market for a semi-durable good. We demonstrate the existence of nonstationary equilibria in which "normal" periods of high prices are followed by a single period of "sales" prices.

Date: 2015
New Economics Papers: this item is included in nep-dge
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://red-files-public.s3.amazonaws.com/meetpapers/2015/paper_985.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:red:sed015:985

Access Statistics for this paper

More papers in 2015 Meeting Papers from Society for Economic Dynamics Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().