Consumer Durables and Inertial Behavior: Estimation and Aggregation of (S,s) Rules
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This paper presents an (S,s) model for automobile consumption and estimates it using a data set of US households. The model allows for unobserved heterogeneity in both the target level and the band width, takes into account the possibility of a zero desired level, constrains the band to be non
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美国国家经济研究局创建时间：
1995-09-01
