Shiva: Beyond the Elasticity: How the Tax Wedge Improves Predictions of Durable Spending
Beyond the Elasticity: How the Tax Wedge Improves Predictions of Durable Spending
Buch
- tredition, 07/2024
- Einband: Kartoniert / Broschiert, Paperback
- Sprache: Englisch
- ISBN-13: 9783384283115
- Bestellnummer: 11912004
- Umfang: 88 Seiten
- Gewicht: 164 g
- Maße: 234 x 155 mm
- Stärke: 7 mm
- Erscheinungstermin: 8.7.2024
Achtung: Artikel ist nicht in deutscher Sprache!
Klappentext
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.
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