Durable goods cycles
1999
Caplin, Andrew | Leahy, John Vincent
Abstract: We show that a straight forward approximation of the distribution of durable goods holdings gives rise to a tractable equilibrium (S, s) model of durable demand. We analyze both competitive and monopoly supply. We show that equilibrium interactions lead to elongated impulse responses in demand, to procyclical markups in response to demand shocks, and to countercyclical markups in response to cost shocks.
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书目信息
Working paper series (National Bureau of Economic Research)
出版者
National Bureau of Economic Research
其它主题
Consumer; Durable goods; Markup
语言
英语
注释
Andrew Caplin, John Leahy.
Includes bibliographical references (pages 24-26).
Also available via the Internet at the NBER Web site.
类型
Bibliography; Book; Monograph; Monograph; Book; Text
2024-02-27
2025-07-19
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