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The Life-Cycle Permanent-Income Model and Consumer Durables

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NBER1987-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2149
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资源简介:
This paper presents an extension of the life-cycle permanent-income model of consumption to the case of a durable good whose purchase involves lumpy trans- actions costs. Where individual behavior is concerned, the implications of the model are different in some respects from those of standard
创建时间:
1987-02-01
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