Existence of Stationary Equilibrium in the Markets for New and Used Durable Goods

Hideo Konishi and M.T. Sandfort

Working Papers from U.S. Department of Justice - Antitrust Division

Abstract: We prove the existence of stationary equilibrium in the primary and secondhand markets for an indivisible consumer durable in a general model with stochastic degradation and endogenous scrappage decisions.

Keywords: COSTS; DURABLE GOODS; ECONOMIC EQUILIBRIUM (search for similar items in EconPapers)
JEL-codes: C62 D11 D41 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2000
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Existence of stationary equilibrium in the markets for new and used durable goods (2002)
Working Paper: Existence of Stationary Equilibrium in the Markets for New and Used Durable Goods (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:usjuat:00-8

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