NBER Working Paper Series

NBER Working Paper Series

4.11 - 1251 ratings - Source

This is $1400 less than a three year old Honda Accord despite the fact that the new Accord sells for $2, 000/3, 000 less ... Since there is an infinite horizon, the markets for new and used goods can always be open simultaneously, and at any date a new car buyer takes into account the future value of a used good. ... *Uaed prices arc Blue Book trade-in prices for bask model 1994 sedans with 36, 000 miles.

Title:NBER Working Paper Series
Publisher: - 1997

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