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Are Durable Goods Consumers Forward Looking? Evidence from College Textbooks

Chevalier, Judith A.; Goolsbee, Austan - 2021

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/10013212612