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The accumulation structure of consumer durables and its empirical analysis

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Summary

For market research and other purposes it is of interest to know the accumulation process of consumer durables, and in particular whether almost all households acquire durables in the same order or whether almost all households acquire a certain curable at the same level of the accumulation process. The first part of the article describes the accumulation process and its structure. In the second part estimation and test procedures are proposed for analyzing empirically the accumulation structure. The test procedure is compared withParoush's methods. In contrast toParoush's method the relation between “almost all households” and the test statistic is now intelligible. Numerical examples illustrate the difference of both approaches.

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Authors and Affiliations

  1. Institut für Ökonometrie und Operations Research, Ökonometrische Abteilung, Universität Bonn, Adenauerallee 24-42, D-5300, Bonn

    R. Pauly

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  1. R. Pauly
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This paper is an abridgement of the longer working paper “Accumulation Model of Consumer Durables and the Structure of Accumulation”. The working paper may be received upon request.

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Pauly, R. The accumulation structure of consumer durables and its empirical analysis. Empirical Economics 2, 253–277 (1977). https://doi.org/10.1007/BF01760411

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  • DOI: https://doi.org/10.1007/BF01760411

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