Artikel
The Product Life Cycle of Durable Goods
A dynamic model of the product lifecycle of (nearly) homogeneous durables in polypoly markets is established. It describes the concurrent evolution of the unit sales and price of durable goods. The theory is based on the idea that the sales dynamics is determined by a meeting process of demanded with supplied product units. Taking advantage from the Bass model for first purchase and a logistic model for repurchase the entire product lifecycle of a durable can be established. For the case of a fast growing supply the model suggests that the mean price of the good decreases according to a logistic law. Both, the established unit sales and price evolution are in agreement with the empirical data studied in this paper. The presented approach discusses further the interference of the diffusion process with the supply dynamics. The model predicts the occurrence of lost sales in the initial stages of the lifecycle due to supply constraints. They are the origin for a retarded market penetration. The theory suggests that the imitation rate B indicating social contagion in the Bass model has its maximum magnitude for the case of a large amount of available units at introduction and a fast output increase. The empirical data of the investigated samples are in qualitative agreement with this prediction.
- Sprache
-
Englisch
- Erschienen in
-
Journal: British Journal of Economics, Management & Trade ; ISSN: 2278-098X ; Volume: 10 ; Year: 2015 ; Issue: 2 ; Pages: 1-17 ; Tarakeswar, India: SCIENCEDOMAIN international
- Klassifikation
-
Wirtschaft
Consumer Economics: Theory
- Thema
-
diffusion
durables
Product Lifecycle
Logistic Growth
Supply Constraints
Produkt Lebenszyklus
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kaldasch, Joachim
- Ereignis
-
Veröffentlichung
- (wer)
-
SCIENCEDOMAIN international
- (wo)
-
Tarakeswar, India
- (wann)
-
2015-09-09
- DOI
-
doi:10.9734/BJEMT/2015/20395
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Kaldasch, Joachim
- SCIENCEDOMAIN international
Entstanden
- 2015-09-09
Ähnliche Objekte (12)
Durable purchases over the later life cycle
Durable Purchases over the Later Life Cycle
Integrating life cycle assessment tools and information with product life cycle management : product data management
Durable goods : pleasure, wealth and power in the virtuous life
Optimal monetary policy with durable and non-durable goods
Mergers in durable goods industries
Monetary policy and durable goods
Government Spending and Durable Goods
Mergers in durable goods industries
Entry Patterns over the Product Life Cycle
Durable goods, innovation and network externalities
Consumption of durable goods under ambiguity
Durable purchases over the later life cycle
Durable Purchases over the Later Life Cycle
Integrating life cycle assessment tools and information with product life cycle management : product data management
Durable goods : pleasure, wealth and power in the virtuous life
Optimal monetary policy with durable and non-durable goods
Mergers in durable goods industries
Monetary policy and durable goods
Government Spending and Durable Goods
Mergers in durable goods industries
Entry Patterns over the Product Life Cycle
Durable goods, innovation and network externalities
Consumption of durable goods under ambiguity
Durable purchases over the later life cycle
Durable Purchases over the Later Life Cycle
Integrating life cycle assessment tools and information with product life cycle management : product data management
Durable goods : pleasure, wealth and power in the virtuous life
Optimal monetary policy with durable and non-durable goods
Mergers in durable goods industries
Monetary policy and durable goods
Government Spending and Durable Goods
Mergers in durable goods industries
Entry Patterns over the Product Life Cycle
Durable goods, innovation and network externalities