Durable Goods Oligopoly with Secondary Markets: the Case of Automobiles

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dc.contributor.author Esteban, Susanna
dc.contributor.author Shum, Matthew
dc.date.accessioned 2009-08-26T13:39:24Z
dc.date.available 2009-08-26T13:39:24Z
dc.date.issued 2007
dc.identifier.bibliographicCitation RAND Journal of Economics. 2007, vol. 38, nº 2, p. 332–354
dc.identifier.issn 1756-2171
dc.identifier.uri http://hdl.handle.net/10016/4993
dc.description.abstract We study the effects of durability and secondary markets on equilibrium firm behavior in the car market. We construct a dynamic oligopoly model of a differentiated product market to incorporate the equilibrium production dynamics which arise from the durability of the goods and their active trade in secondary markets. We derive an econometric model and estimate its parameters using data from the automobile industry over a twenty-year period. Our estimates are used to provide a measure of the competitive importance of the secondary market.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.publisher RAND Corporation
dc.rights ©RAND 2007
dc.title Durable Goods Oligopoly with Secondary Markets: the Case of Automobiles
dc.type article
dc.type.review PeerReviewed
dc.description.status Publicado
dc.subject.eciencia Economía
dc.rights.accessRights openAccess
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