We study consumption of durable and nondurable goods when the durable good is subject to transaction costs. In the model, agents derive utility from a service flow of a durable good and a consumption flow of a nondurable good. The key feature of the model is the existence of a fixed transaction cost in the durable good market. The fixed cost induces an inaction region in the purchase of the dur...

Cardiac muscle restitution, or true regeneration, is an unmet need in the treatment of myocardial infarction (MI), prompting a decade of study with stem cells of many kinds. Among key obstacles to effective cardiac cell grafting are the cost of autologous stem cell-derived cardiomyocytes, the ethical implications of using embryonic stem cell (ESC) products, immunological barriers to allogeneic ...

In the operations management literature, decentralization is often associated with the double marginalization problem. However, in this chapter, we review several existing papers that demonstrate how decentralization can be beneficial to supply chain performance. A key premise in this literature is that consumers are strategic: They rationally anticipate and respond to future market conditions....

I study two-sided markets where the platform is composed of components supplied by di¤erent producers. I examine a producer’s incentive to provide compatibility of its product with other suppliers’. Two models are considered. In the …rst model, I …nd that tying of a complementary product may be pro…table. In the second model, I …nd that a durable goods monopolist’s introduction of incompatibili...

Bundling is the sale of two or more products in combination as a package. In this paper we consider the bundling and pricing of a complex durable product with the after-sales repair and maintenance services. The product and service are two different, but related markets for this scenario. The problem of bundling and pricing are considered for two product market structures: monopoly and duopoly....

This paper studies the aggregate dynamics of durable and nondurable consumption under slow information diffusion (SID) due to noisy observations and learning within the permanent income framework. We show that SID can significantly improve the model’s predictions on the joint behavior of income, durable consumption, and nondurable consumption at the aggregate level. Specifically, we find that S...

â â â â  reza roshan [1] â  department of economics, university of sistan and baluchestan , iran â  mosayeb pahlavani â  department of economics, university of sistan and baluchestan, iran â  mohammad nabi shahyaki tash â  department of economics, university of sistan and baluchestan, iran â  â â â  abstract â  consumption is the principal feature of iran’s gross national production. therefor...

D iagnostic companies are facing ever-increasing pressures to deliver new products safely and efficiently. With diagnostic reagents as the basis of any experimental protocol, it is essential that they remain highly pure and that the potential for any contamination is minimized. Reagent packaging has commonly taken the form of glass bottles and containers, which have a well-known mode of failure...

Complicated structure of BCrooning experiments coupled with censored data resulting from life-testing of durable products makes the characterization and optimization of process variables very difficult. Existing methods are inadequate for analyzing such data from highly fractionated experiments because important effects are identified wrongly. By studying contrasts from censored data, we can. i...