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Firm Behavior and Product Durability

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Authors
Goering, Greg; Pace, R. Kelley
Issue Date
1995
Publisher
Seoul Journal of Economics
Citation
Seoul Journal of Economics 8 (No. 4 1995): 443-456
Keywords
two period model; sales market; rental market
Abstract
Traditional models of product obsolescence assume firms exhibit specific behavior. The simple two period model developed herein employs a conjectural variation framework to examine the sensitivity of sub-optimal durability within sales markets to behavioral assumptions. Even in sales markets. this model leads to two cases where efficient durability occurs and two cases where inefficient durability occurs.
ISSN
1225-0279
Language
English
URI
http://hdl.handle.net/10371/1071
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College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.08(4) (Winter 1995)
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