An approach to the demand of durable and differentiated products

María José Moral ()

No 412, Working Papers from Universidade de Vigo, Departamento de Economía Aplicada

Abstract: The objective of this paper is to analise the demand in markets with durable and differentiated products, and in addition, with a high number of product varieties. The methodology to develop this study draws on dynamic discrete choice models. This work is a theoretical approach that gives the structural expressions for a nested dynamic model. These expressions can be a suitable support to discuss and develop further empirical work on durable and differentiated product markets.

Keywords: Dynamic discrete choice models; demand; durable good; differentiated product (search for similar items in EconPapers)
JEL-codes: C61 D11 D43 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2004-12
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Persistent link: https://EconPapers.repec.org/RePEc:vig:wpaper:0412

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