Econometrica: Jan 1965, Volume 33, Issue 1
The Order of Acquisition of Consumer Durables
Jacob ParoushThe order in which consumer durable goods are acquired is of considerable importance, chiefly in market research. In the following paper the possibility of an econometric approach to this problem is demonstrated, as well as the way in which psychometric tools can be used in an economic investigation. Although the order of acquisition is conceptually linked with the passage of time, the econometric analysis is here based on simple cross-section data.
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