We develop a theoretical model to study how changes in the durability of the goods affect prices of stolen goods, the incentives to steal and the equilibrium crime rate. When studying the production of durable goods, we ...

This paper presents a framework to study how changes in exogenous parameters, such as quality levels of new and used durables, affect the composition of durable good stocks. Our model extends the previous literature by ...

The use of a durable good is limited by both its physical life and usable life. For example, an electric-car battery can last for five years (physical life) or 100,000 miles (usable life), whichever comes first. We propose ...

The use of a durable good is limited by both its physical life and usable life. For example, an electric-car battery can last for five years (physical life) or 100,000 miles (usable life), whichever comes first. We propose ...

It is well-known that consumers’ intertemporal incentives may play a key role on the potential of firms to sustain collusion. All previous efforts studying the topic however, assumed perfect observability of actions. I ...

It is well-known that consumers' intertemporal incentives may play a key role on the potential of rms to sustain collusion. All previous e orts studying the topic however, assumed perfect observability of actions. I consider ...

The current market is recovering from the economic and social crisis due to the coronavirus pandemic. Several companies suffered losses and were reduced, while others expanded their business even more, as the ecommerce ...