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We investigate life cycle patterns of demand for services from household durables using UK panel data. We take careful account of prices, demographics, labour supply and health. Demand for consumer electronics rises with age, while the demand for household appliances is flat. These findings...
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Various methods have been used to overcome the point identification problem inherent in the linear age-period-cohort model. This paper presents a set-identification result for the model and then considers the use of the maximum-entropy principle as a vehicle for achieving point identification....
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