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Dynamics of Consumer Demand for New Durable Goods
Gowrisankaran, Gautam - 2009
heterogeneous consumer tastes, rational expectations, and repeat purchases over time. We estimate the model on the digital camcorder …
Persistent link: https://www.econbiz.de/10012463910
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Durable Goods and Conformity
House, Christopher L. - 2006
Is the variety of products supplied in markets a reflection of the diversity of consumers' preferences? In this paper, we argue that the distribution of durable goods offered in markets tends to be compressed relative to the distribution of consumers' underlying preferences. In particular, there...
Persistent link: https://www.econbiz.de/10012466641
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Are Durable Goods Consumers Forward Looking? Evidence from College Textbooks
Chevalier, Judith - 2005
Popular wisdom holds that publishers revise college textbooks mainly to kill off the secondary market for used books. While this behavior might be profitable if consumers are myopic, uninformed or have high short-run discount rates (that exceed the publishers'), neoclassical authors have noted...
Persistent link: https://www.econbiz.de/10012467258
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A Model of the Consumption Response to Fiscal Stimulus Payments
Kaplan, Greg - 2011
A wide body of empirical evidence finds that around 25 percent of fiscal stimulus payments (e.g., tax rebates) are spent on nondurable household consumption in the quarter that they are received. To interpret this fact, we develop a structural economic model where households can hold two assets:...
Persistent link: https://www.econbiz.de/10012461320
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Mortgage Rates, Household Balance Sheets, and the Real Economy
Keys, Benjamin J. - 2014
This paper investigates the impact of lower mortgage rates on household balance sheets and other economic outcomes during the housing crisis. We use proprietary loan-level panel data matched to consumer credit records using borrowers' Social Security numbers, which allows for accurate...
Persistent link: https://www.econbiz.de/10012458104
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The Joint Identification of Utility and Discount Functions From Stated Choice Data : An Application to Durable Goods Adoption
Dube, Jean-Pierre H. - 2012
We present a survey design that generalizes static conjoint experiments to elicit inter-temporal adoption decisions for durable goods. We show that consumers' utility and discount functions in a dynamic discrete choice model are jointly identified using data generated by this specific design. In...
Persistent link: https://www.econbiz.de/10012460266
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Asymmetric Effects of Non-Pecuniary Signals on Search and Purchase Behavior for Energy-Efficient Durable Goods
Holladay, J. Scott - 2016
We report the results of a field experiment where we exogenously vary the use of social comparisons "nudges" and subsidies for participation in an in-home energy audit program, and follow subjects through to the subsequent purchase of durable goods. We therefore can compare the causal effect of...
Persistent link: https://www.econbiz.de/10012455741
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Guns, Latrines, and Land Reform : Private Expectations and Public Policy
Kremer, Michael - 2016
, governments can most cheaply induce optimal purchasing time by committing to eventually reduce subsidies. If governments cannot …
Persistent link: https://www.econbiz.de/10012456757
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Can Electronic Procurement Improve Infrastructure Provision? Evidence From Public Works in India and Indonesia
Lewis-Faupel, Sean - 2014
this paper we develop a unique micro-dataset on public works procurement from two fast-growing economies, India and … Indonesia, and use regional and time variation in the adoption of e-procurement across both countries to examine its impact. We … improvements. In India, where we observe an independent measure of construction quality, e-procurement improves the average road …
Persistent link: https://www.econbiz.de/10012458323
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The Runner-Up Effect
Anagol, Santosh - 2014
Exploiting regression discontinuity designs in Brazilian, Indian, and Canadian first-past-the-post elections, we document that second-place candidates are substantially more likely than close third-place candidates to run in, and win, subsequent elections. Since both candidates lost the election...
Persistent link: https://www.econbiz.de/10012458405