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Durable Goods Markets - Lars Just

Durable Goods Markets

A Microeconomic Perspective

(Autor)

Buch | Softcover
132 Seiten
2018
NMP-Verlag
978-3-942492-39-3 (ISBN)
CHF 55,85 inkl. MwSt
Products are said to be durable if they provide services to their users over an extended period of time. This means that they cannot be completely consumed in one or few uses. Typical examples of durable goods are automobiles, consumer electronics, and home appliances. Durable goods differ in several aspects from non-durable goods, such as food and fuel. They can be sold and rented out. Durability also usually implies that a second-hand market exists as used units can be resold by their owners. Finally, durable goods producers can control the services provided to consumers not only by determining output but also durability. This often raises concern by policymakers and consumers that manufacturers might have an incentive to practice planned obsolescence.

This book provides an extensive literature review dealing with these topics. In addition, it extends the literature in two ways. First, it is analyzed how commodity taxation affects market outcomes in a durable goods market, such as durability choice and market power of a manufacturer. Policy implications for regulators are discussed. Second, it is examined how the complexity of a product affects the reliability of its individual components, which in turn determines the overall reliability of the product and hence its durability.
Erscheinungsdatum
Reihe/Serie Implications from Modern Economic Theory ; 3
Verlagsort Bayreuth
Sprache englisch
Maße 148 x 210 mm
Gewicht 182 g
Themenwelt Wirtschaft Volkswirtschaftslehre Mikroökonomie
Schlagworte Complexity of durable goods • Durable Goods Markets • Endogenous durability • Exogenous durability • Reliability of durable goods • Social Welfare • tax revenue
ISBN-10 3-942492-39-3 / 3942492393
ISBN-13 978-3-942492-39-3 / 9783942492393
Zustand Neuware
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