Durable goods and non-convexities

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Project objective

Research objectives and content:Interaction between non durable and durable goods dynamics, with non-constant prices and aggregation when the representative agent's model fails. Estimation of a discrete Markov decision process that is viewed to be suitable for describing the durable goods purchasing behaviour.Training content (objective, benefit and expected impact) I expect to reach a deeper knowledge in the micro-econometrics.Links with industry / industrial relevance (22)Cars are the durable goods that I intend to concentrate on.

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Participants

• UNIVERSITY COLLEGE LONDON · LONDONCoordinatorUnited Kingdom

Links

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