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 methodology to build series of purchases, consumption, and stocks of durable goods for the Chilean economy in the 1981-1999 period. The estimated series –both nominal and real– are presented in ...

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 ...

Consider an economy where infinite-lived agents trade assets collateralized by durable goods. We obtain results that rule out bubbles when the additional endowments of durable goods are uniformly bounded away from zero, ...