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An approach to the demand of durable and differentiated products

Author

Listed:
  • María José Moral

Abstract

The objective of this paper is to analise the demand in markets with durable and differentiated products, and in addition, with a high number of product varieties. The methodology to develop this study draws on dynamic discrete choice models. This work is a theoretical approach that gives the structural expressions for a nested dynamic model. These expressions can be a suitable support to discuss and develop further empirical work on durable and differentiated product markets.

Suggested Citation

  • María José Moral, 2004. "An approach to the demand of durable and differentiated products," Working Papers 0412, Universidade de Vigo, Departamento de Economía Aplicada.
  • Handle: RePEc:vig:wpaper:0412
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    More about this item

    Keywords

    Dynamic discrete choice models; demand; durable good; differentiated product;
    All these keywords.

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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