RT Generic
T1 How much Competition is a Secondary Market?
A1 Esteban, Susanna
A1 Chen, Jiawei
A1 Shum, Matthew
A2 The Johns Hopkins University. Department of Economics, 
AB In this paper, we build a dynamic equilibrium model of durable goods oligopoly,in which consumers face lumpy costs of transacting in the secondary markets and towhich they respond by buying and selling infrequently. We calibrate the model usingaggregate data from the U.S. automobile industry and measure transaction costs andthe substitutability between products. We use our estimates to directly quantify howmuch competition active secondary markets represent for durable-goods producers.
YR 2008
FD 2008
LK https://hdl.handle.net/10016/4998
UL https://hdl.handle.net/10016/4998
LA eng
DS e-Archivo
RD 24 may. 2024