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Topic: Durable good


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In the News (Mon 13 Feb 12)

  
  Bohm-Bawerk, The Positive Theory of Capital, Book VI, Chapter VII: Library of Economics and Liberty
Material goods are of use to mankind through the action of the natural powers that reside in them, or, as I have expressed it in another place, through the rendering of their material services.
A service obtains value exactly as a good does—that is, by the satisfaction of some want being dependent upon it—and the amount of its value is measured by the importance of the dependent want—that is, by the amount of the marginal utility which may be obtained from a service of such kind and such extent.
If a good is capable of rendering ten services, and if the satisfaction of a certain want depends on each of these services, it is obvious that what depends on the possession of the good is the receiving of these satisfactions, and, indeed, of all the ten satisfactions from which the services get their value.
www.econlib.org /library/BohmBawerk/bbPTC41.html   (2479 words)

  
 Durable good - Wikipedia, the free encyclopedia
In economics, a durable good or a hard good is a good which does not quickly wear out, or more specifically, it yields services or utility over time rather than being completely used up when used once.
Nondurable goods or soft goods are the opposite of durable goods.
Durable goods, nondurable goods and services together constitute the consumption of an economy.
en.wikipedia.org /wiki/Durable_good   (279 words)

  
 [No title]
For expositional simplicity, we continue to assume that (1) the durable good B yields exactly two periods of service, and (2) the rate of time discount is zero for all individuals and producers.
The demand for a new durable In the presence of a prohibition against the saje of used durables is the vertical sum of (1) a demand for first use which lies between p131 and D’1 and (2) a reservation demand schedule for used B’s.
durable good is faced with two problems: (1) arriving at the optimal mix of new and used versions of his good, and (2) ensuring purchasers of newly produced versions of his durable that they will not suffer capital losses on the durable due to future increases in output.
www.utdallas.edu /~liebowit/knowledge_goods/bk.doc   (6179 words)

  
 South-Western EconNews
Orders for durable goods, which include items that range from washing machines to civilian aircraft, fell 7.4 percent in August.
The fact that such goods are durable makes their purchase postponable--a characteristic that causes much concern during a period of economic recovery.
As a result of decreasing demand, jobs may be lost as firms adjust to the lower demand for their goods.
www.swlearning.com /economics/econ_news/durable_goods_decline_1104.html   (367 words)

  
 Amazon.com: Durable Goods: A Novel (Ballantine Reader's Circle): Books: Elizabeth Berg   (Site not responding. Last check: 2007-11-04)
"Durable Good's" is her first book which is amazing when you read the stellar quality of this effort.
If there is a flaw in Durable Goods, it is the dissonance of the father's habitual violence and his passive acceptance of changes wrought by his daughters' actions.
Durable Goods taks us through Katie's life, and her trying to fit in with the world.
www.amazon.com /Durable-Goods-Ballantine-Readers-Circle/dp/081296814X   (1971 words)

  
 Durable Good Orders Jump In March   (Site not responding. Last check: 2007-11-04)
WASHINGTON — Orders to factories for durable goods, such as cars and machinery, rose a strong 3.4% in March, fresh evidence that the economic recovery is bounding ahead.
Durable goods are items expected to last at least three years.
The encouraging news on manufacturing activity in March joins other good economic reports for the month: Retail sales were brisk and the economy, after months of sluggish payrolls growth, added a whopping 308,000 jobs, the most in four years.
www.freerepublic.com /focus/f-news/1123180/posts   (541 words)

  
 BondKnowledge: Durable Goods Orders
A Durable Good is a Good that has an intended life span of three years or more.
The Durable Goods report measure orders, shipments and unfilled orders for things such as primary metals, fabricated metals, electric generating equipment, non-electrical machinery, transportation equipment and information processing equipment.
Durable Goods can be a very volatile series.
www.bondknowledge.com /indicator_durable.html   (122 words)

  
 Durable goods drop hard
Durable good orders fell 8.5% in September to the lowest level in five years, the Dept. of Commerce said today.
The decline was led by a slump in aircraft and automobile sales that came in the immediate wake of last month’s terrorist attacks.
Shipments of all durable goods fell 5.5% in September, the biggest drop for which records are available that can be compared.
fleetowner.com /news/fleet_durable_goods_drop/index.html   (284 words)

  
 Lecture Notes 7a
For a durable good which used to be competitive, the total stock is Q. If the depreciation factor is d, the effective stock a year later is (1-d)Q. Suppose a firm has monopoly over the production of new tractors.
The reason is that a durable good producer making an extra sale today is taking current as well as future sales away from its rivals, increasing the incentive to expand output.
Suppose a good exhibits a network effect: the more people who use it, the more valuable it is to each person.
www.econ.cuhk.edu.hk /~wcsuen/io/durable.html   (1458 words)

  
 Entry Deterrence in Durable-Goods Monopoly (SMEALSearch) -   (Site not responding. Last check: 2007-11-04)
This paper explores a durable-goods monopolist threatened by entry via a new generation of the durable good.
It is shown that the durability of the good either acts as an entry barrier itself or creates an opportunity for the incumbent firm to deter entry by limit pricing.
As a consequence, the industry tends to remain monopolized, with successive generations of the durable good being introduced by the incumbent monopolist.
gunther.smeal.psu.edu /684.html   (293 words)

  
 FOREX Talk.biz: Durable Goods Orders   (Site not responding. Last check: 2007-11-04)
U.S. Durable Goods Orders for January came in at a huge -10.2%.
The +0.6% in Durable Good excluding aircraft and autos is a bit more positive since it has risen consecutively for the past 3 releases.
Good thing a currency trader can make money when a currency goes up or down.
pinnacle-exchange.com /forextalk/2006/02/durable_goods_orders.html   (218 words)

  
 Manufacturers' Shipments, Inventories, & Orders (M3)
Shipments of manufactured durable goods in October, up two of the last three months, increased $1.2 billion or 0.6 percent to $210.0 billion.
Inventories of manufactured durable goods in October, up nine of the last ten months, increased $2.3 billion or 0.8 percent to $293.8 billion.
The advance report on durable goods for November is scheduled for December 22, 2006.
www.census.gov /indicator/www/m3   (347 words)

  
 Good Practices of Public Environmental Expenditure Management   (Site not responding. Last check: 2007-11-04)
The Good Practices of PEEM extend their applicability to all public agencies managing environmental expenditure programmes, and not only to environmental funds.
The Good Practices have been developed through a series of international consultations with various stakeholders from the EECCA, CEE and OECD countries.
The Good Practices provide specific checklists for measuring to what extent a public environmental financing institution aligns with the sound, internationally-recognised standards for such institutions.
www.oecd.org /document/31/0,2340,fr_2649_37425_34088223_1_1_1_37425,00.html   (356 words)

  
 globeandmail.com : globeinvestor.com : Durable good orders plunge
The Commerce Department reported Tuesday that demand for durable goods fell a larger-than-expected 8.3 per cent last month to a seasonally adjusted $210-billion (U.S.), reflecting a big drop in demand for commercial airplanes, a category that had soared in September.
It marked the third month in the past four that orders have either fallen or shown no gain, providing evidence that the nation's factories are beginning to feel the impact of the slowdown in the overall economy.
The 8.3 per cent drop in orders for durable goods, items such as airplanes and autos that are expected to last at least three years, was the largest one-month decline since a 14 per cent plunge in July 2000.
globeinvestor.com /servlet/story/RTGAM.20061128.wdurablegoods1128/GIStory   (335 words)

  
 Consumption, durable goods, and transaction costs
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 variation is a function of the degree of complementarity between durable and nondurable goods in the period utility function, the rate of intertemporal substitution, and a precautionary motive induced by incomplete markets.
ideas.repec.org /p/fip/fedgif/756.html   (585 words)

  
 Durable good orders rebound, Chicago PMI above 50 - Nov. 27, 2002   (Site not responding. Last check: 2007-11-04)
WASHINGTON (Reuters) - U.S. durable goods orders bounced back in October, boosted by strong demand for machinery and equipment for communications and transport, the government said Wednesday.
Orders for durable goods -- costly manufactured items intended to last three years or more -- rose 2.8 percent in October, the Commerce Department said.
Non-defense capital goods excluding aircraft surged 5.3 percent after a sharp fall in September.
money.cnn.com /2002/11/27/news/economy/durables.reut/index.htm   (396 words)

  
 Optimal Consumption of a Divisible Durable Good - Knowledge@Wharton
We examine the intertemporal optimal consumption and investment problem in a continuous-time economy with a divisible durable good.
Consumption services are assumed to be proportional to the stock of the good held and adjustment of the stock is costly, in that it involves the payment of a proportional transaction cost.
We show that the investor acts so as to maintain the ratio of the stock of the durable to total wealth in a fixed (nonstochastic) range and that the optimal investment policy involves stochastic portfolio weights.
knowledge.wharton.upenn.edu /index.cfm?fa=viewPaper&id=149   (170 words)

  
 Commitment Power in a Non-Stationary Durable-Good Market. (SMEALSearch) -   (Site not responding. Last check: 2007-11-04)
This paper derives and evaluates the decisions of a durable good monopolist in a context where demand for the services of the durable good changes over time.
It shows that, if the size of the market decreases over time, social welfare may be higher when the monopolist has commitment ability than when she has not.
The work also proves that these results obtain if there is uncertainty about future demand for the services of the durable good.
smealsearch2.psu.edu /3728.html   (269 words)

  
 Durable good orders fall - Nov. 24, 1998   (Site not responding. Last check: 2007-11-04)
NEW YORK (CNNfn) - Orders for durable goods fell far more than expected in October, reversing the previous month's upward momentum, as demand for machinery and heavy equipment plummeted.
     The Commerce Department reports that new orders for durable goods - big ticket items such as cars and appliances - declined by 1.7 percent to $189.49 billion on a seasonally adjusted basis.
Demand for electronics goods, such as cellular telephones and laptop computers, soared in October.
money.cnn.com /1998/11/24/economy/durable   (300 words)

  
 Damaged Durable Goods
In such a case, damaged goods are more likely to be observed relative to the static setting where only the price-discrimination aspect of quality degradation is in effect.
However, it is more likely to reduce welfare by inducing low-valuation buyers to buy the low-quality good early rather than to wait and buy the high-quality good later.
So, quality degradation of durable goods is more likely to occur but less promising to the society, relative to the case of nondurable goods where damaged goods are rarely observed but more likely to be Paretoimproving.
ideas.repec.org /p/kee/kerpuk/2002-21.html   (595 words)

  
 Drop in Durable Goods Orders Indicates Slowdown
New orders for big-ticket manufactured goods plunged in March at the steepest rate in more than two years, for a third consecutive monthly drop, the government reported yesterday, adding to other signs of a cooling economy.
New orders for durable goods expected to last at least three years, such as cars, appliances and aircraft, tumbled 2.8 percent in March, the biggest drop since September 2002, Commerce reported yesterday.
The durable goods report yesterday added to others that have quickly altered Fed officials' sense of the economy's strength since their last meeting, March 22.
www.washingtonpost.com /wp-dyn/content/article/2005/04/27/AR2005042700784.html   (631 words)

  
 Blinds.com Your Guide To Blinds
Rugged and durable (good for kitchens, bathrooms, and children's rooms)
Faux wood is the heaviest of the 2" horizontal blinds and is thus seldom raised
Good at blocking and varying amount of light
www.blinds.com /control/guides   (187 words)

  
 FRB: IFDP paper - number 773
Transactions costs induce an inaction region over which the durable stock and the associated user cost are not adjusted in response to changes in income, increasing, on average, the volatility of non-durable consumption.
The volatility of total consumption is then a function of the share of the durable good in the utility function and the width of the inaction region.
While we are unable to match the dispersion of wealth in the data, we increase the dispersion over a single asset model (Gini index of.71 for financial assets and.37 for total wealth) and we are able to match the relative dispersion of financial to durable assets, i.e.
www.federalreserve.gov /pubs/ifdp/2003/773/default.htm   (284 words)

  
 SSRN-Durable Good, Extended Warranty and Channel Coordination by Preyas Desai, Paddy Padmanabhan
We derive explicit demand functions for the durable good and extended warranty from a traditional model of consumer utility.
This derivation explicitly captures the complementary goods flavor of extended warranty.
Different channel arrangements for marketing of extended warranty cause these effects occur at different levels within a distribution channel and these are shown to have significant implications for the optimal warranty policy.
papers.ssrn.com /sol3/papers.cfm?abstract_id=500482   (250 words)

  
 DURABLE GOODS   (Site not responding. Last check: 2007-11-04)
Players may trade raw materials or goods with each other, or purchase them from each other at any time.
One unit of a durable good may be manufactured using the indicated amount of raw materials:
The Maximum Market value of the fourth and greater unit of a good sold is $20.
www.gis.net /~pldr/DG.html   (305 words)

  
 Durable good - Definition from Investor Dictionary - Define meaning of the word Durable good
Durable good - Definition from Investor Dictionary - Define meaning of the word Durable good
A durable good, or a hard good is an economics term for a good which does not quickly wear out, or more specifically; it yields services or utility over time rather than being completely used up when used once.
The 2007-2012 Outlook for Durable Goods in Japan
www.investordictionary.com /definition/durable+good.aspx   (225 words)

  
 Luann Udell / Durable Goods   (Site not responding. Last check: 2007-11-04)
Yes, it's good to avoid some of the obvious mistakes we can make.
Other people will do it for you." Seriously, the only thing worse than overreaching pride is forcing the buyer to come to the defense of your work.
It is what it is. If it's as good as you can do now, and we ALL could do better, accept that this is what it is right now.
www.durable-goods.com /blog   (1918 words)

  
 Durable Good Orders Plunge in March   (Site not responding. Last check: 2007-11-04)
WASHINGTON -- Orders to U.S. factories for big-ticket manufactured goods plunged 2.8 percent in March, the biggest setback in 2 1/2 years and the third straight decline, the Commerce Department said Wednesday.
It left new orders for durable goods, everything from bicycles to battleships, at a seasonally adjusted $194.03 billion in February.
The weakness in durable goods orders was just the latest evidence that the economy may be entering another "soft patch" as consumers and businesses, jolted by a sharp increase in energy prices, cut back on their purchases.
www.newsmax.com /archives/articles/2005/4/27/90111.shtml   (426 words)

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