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Lumpy Consumer Durables, Market Power, and Endogenous Business Cycles

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NBER2001-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w8296
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资源简介:
This paper examines the role of lumpy consumer durables and market power in generating endogenous cycles which seem to be consistent with the facts. When goods are durable, past consumption choices determine the current market size which consists of consumers who have not purchased the good
创建时间:
2001-05-01
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