| Residential College | false |
| Status | 即將出版Forthcoming |
| Durable and Nondurable Goods | |
WONG KA KEI GARY ; Youn Kim
| |
| 2025-08 | |
| Source Publication | Elgar Encyclopedia of Consumption |
| Publisher | Edward Elgar Publishing |
| Pages | 15 |
| Abstract | We present an integrated framework to analyze durable goods in conjunction with nondurable consumption in consumer demand and consumption by incorporating the defining features of durable goods. We consider relative prices of nondurable goods and the user cost of durable goods allowing for costly reversibility and adjustment costs. Then we examine risk aversion and intertemporal allocation of nondurable consumption and durable goods. |
| Keyword | User Cost Adjustment Costs Costly Reversibility Indirect Utility Function Euler Equations |
| Language | 英語English |
| Document Type | Book chapter |
| Collection | DEPARTMENT OF ECONOMICS |
| Corresponding Author | Youn Kim |
| Affiliation | 1.U of Macau 2.Western Kentucky University |
| Recommended Citation GB/T 7714 | WONG KA KEI GARY,Youn Kim. Durable and Nondurable Goods[M]. Elgar Encyclopedia of Consumption:Edward Elgar Publishing, 2025, 15. |
| APA | WONG KA KEI GARY., & Youn Kim (2025). Durable and Nondurable Goods. Elgar Encyclopedia of Consumption, 15. |
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