Beyond the Elasticity: How the Tax Wedge Improves Predictions of Durable Spending (Paperback) (ISBN-13: 9783384283115)

Durable goods, such as cars, appliances, and furniture, differ significantly from non-durable goods in terms of purchasing patterns. Consumers don't buy them frequently, and the decision to purchase is often driven by a complex interplay of factors beyond just income. These factors include: Replacement Needs: Durable goods eventually wear out and need replacing. This replacement demand can be somewhat independent of income fluctuations. Financing Options: Durable goods often have high upfront costs, leading to reliance on credit and loan terms. Interest rates and down payment requirements can significantly impact purchasing decisions. Durability and Technological Advancements: The lifespan of durable goods is increasing, leading to longer replacement cycles. Additionally, rapid technological advancements can influence upgrade decisions.

Author: Shiva
ISBN-10: 3384283112
ISBN-13: 9783384283115
Publisher: Tredition Gmbh
Language: English
Published: 07/08/2024
Pages: 90
Format: Paperback
Weight: 0.32lbs
Size: 9.00h x 6.00w x 0.22d