Lumpy Consumer Durables, Market Power, and Endogenous Business Cycles
Posted: 12 Dec 2003
There are 3 versions of this paper
Lumpy Consumer Durables, Market Power, and Endogenous Business Cycles
Penn State Dept. of Econ. Working Paper No. 3-01-1
Number of pages: 21
Posted: 18 May 2001
Downloads
92
Lumpy Consumer Durables, Market Power, and Endogenous Business Cycles
NBER Working Paper No. w8296
Number of pages: 53
Posted: 10 May 2001
Last Revised: 03 Sep 2022
Downloads
35
Abstract
This paper shows that lumpy consumer durables and market power can generate endogenous cycles consistent with the facts. Past sales determine the current market size of durable goods. Larger past sales, ceteris paribus, thus naturally result in a smaller current market size and income. In this manner, the seeds of a downturn are sown in an upturn.
JEL Classification: E32, E13
Suggested Citation: Suggested Citation
Krishna, Kala and Sahin, Cemile, Lumpy Consumer Durables, Market Power, and Endogenous Business Cycles. Available at SSRN: https://ssrn.com/abstract=458500
Feedback
Feedback to SSRN