a r t i c l e i n f o Innovation-driven durable goods markets see substantial changes in quality and available choice sets and subsequent changes of the reference quality in the market over time. Considering the multi-attribute characteristics of these goods, it is important for businesses to identify attribute-specific competitive landscapes and develop competitive innovation strategies at the...

This paper studies a two-sector New Keynesian model that captures the hump-shaped response of non-durable and durable spending to a monetary shock when non-durable prices are sticky and durable goods are flexibly priced. Based on the estimated parameters, we show that habit formation and investment adjustment costs are not sufficient to generate the gradual response of non-durable and durable s...

Is the variety of products supplied in markets a reflection of the diversity of consumers’ preferences? In this paper, we argue that the distribution of durable goods offered in markets tends to be compressed relative to the distribution of consumers’ underlying preferences. In particular, there are strong incentives for conformity in markets for durable goods. The reason for conformity is natu...

Satisficing behavior is one of the most important subjects in consumer behavior studies. Satisficing consumers select any affordable bundle of items with utility larger than their satisfaction threshold. This contrasts to maximizing behavior, where the consumer selects the bundle of items with the highest possible utility within his or her budget constraint. The authors hypothesize that, all el...

Theory suggests the financial decisions of durable goods makers can impose externalities on their consumers. Namely, the consumption stream that durable goods provide frequently depends on services provided by the manufacturer itself (e.g., warranties, spare parts availability, maintenance and upgrades). Bankruptcy of a manufacturer, or even the possibility thereof, threatens this service provi...

When surveying the trends and criteria for the design for recycling (DfR) of bio-based polymers, priorities appear to lie in energy recovery at the end of the product life of durable products, such as bio-based thermosets. Non-durable products made of thermoplastic polymers exhibit good properties for material recycling. The latter commonly enjoy growing material recycling quotas in countries t...

In spite of the fact that many durable products are sold through dealers, the literature has largely ignored the issue of how product durability affects the interactions between a manufacturer and her dealer(s). We seek to fill this gap by considering a durable goods manufacturer that uses an independent dealer(s) to get her product to consumers. If the manufacturer sells her product to the dea...

24 Nanoscale ceramic surface modification of textiles by atomic layer deposition R ecent opportunities to merge traditional inorganic materials processing with organic fibrous textiles are creating new possibilities in electrical, optical and mechanical applications for textiles. Textiles are made of low-cost natural or synthetic fibers and have unique flexibility, strength and durability with ...

Occupational therapy is now consistently described as a profession concerned with enabling occupation. A crucial step in enabling occupation is understanding the occupational performance of our clients. Dynamic Performance Analysis (DPA) is a new approach to occupational analysis that focuses on the client's actual performance. DPA, acknowledging that optimal performance is the product of the i...