Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Apr, 1960, Volume 28, Issue 2

The Durability of Consumers' Durable Goods<407:TDOCDG>2.0.CO;2-Y
p. 407-416

D. A. Rowe, Richard Stone

This paper illustrates the results obtained by adapting the model proposed by the authors in an earlier paper [6] to incorporate the method of estimating durability proposed by Nerlove [3]. 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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