Econometrica: Apr 1960, Volume 28, Issue 2
The Durability of Consumers' Durable Goods
D. A. Rowe, Richard StoneThis paper illustrates the results obtained by adapting the model proposed by the authors in an earlier paper  to incorporate the method of estimating durability proposed by Nerlove . It is found that in the cases examined the estimates of durability obtained in this way are very low. Possible reasons for these results are briefly indicated but are not examined empirically.
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