Matches in SemOpenAlex for { <https://semopenalex.org/work/W2890889849> ?p ?o ?g. }
Showing items 1 to 69 of
69
with 100 items per page.
- W2890889849 abstract "Popular wisdom holds that publishers revise college textbooks mainly to kill off the secondary market for used books. While this behavior might be profitable if consumers are myopic, uninformed or have high short-run discount rates (that exceed the publishers'), neoclassical authors have noted that it will typically not be profitable if publishers can precommit not to cut prices and if consumers are forward-looking and have similar discount rates as the publishers; the consumer's willingness to pay for new books falls if they know that they cannot resell their used books. Using a large new dataset on all textbooks sold in psychology, biology and economics in the 10 semesters from 1997 to 2001, we estimate a demand system for books to test whether textbook consumers are forward-looking. The data strongly support the view that students are forward-looking with low short-run discount rates and that they have rational expectations of publishers' revision behavior. When the students buy their textbooks, they correctly take into account the probability that they will not be able to resell their books at the end of the semester due to a new edition release. Conditional on faculty assignment behavior, simulation results suggest that students are sufficiently forward-looking that publishers could not raise revenues by accelerating current revision cycles." @default.
- W2890889849 created "2018-09-27" @default.
- W2890889849 creator A5024944980 @default.
- W2890889849 creator A5036947430 @default.
- W2890889849 date "2005-06-01" @default.
- W2890889849 modified "2023-09-27" @default.
- W2890889849 title "Are Durable Goods Consumers Forward Looking? Evidence from College Textbooks" @default.
- W2890889849 hasPublicationYear "2005" @default.
- W2890889849 type Work @default.
- W2890889849 sameAs 2890889849 @default.
- W2890889849 citedByCount "3" @default.
- W2890889849 crossrefType "posted-content" @default.
- W2890889849 hasAuthorship W2890889849A5024944980 @default.
- W2890889849 hasAuthorship W2890889849A5036947430 @default.
- W2890889849 hasConcept C106159729 @default.
- W2890889849 hasConcept C112698675 @default.
- W2890889849 hasConcept C118084267 @default.
- W2890889849 hasConcept C121955636 @default.
- W2890889849 hasConcept C144133560 @default.
- W2890889849 hasConcept C151730666 @default.
- W2890889849 hasConcept C162118730 @default.
- W2890889849 hasConcept C162324750 @default.
- W2890889849 hasConcept C162853370 @default.
- W2890889849 hasConcept C175444787 @default.
- W2890889849 hasConcept C195487862 @default.
- W2890889849 hasConcept C2777267654 @default.
- W2890889849 hasConcept C61933577 @default.
- W2890889849 hasConcept C86803240 @default.
- W2890889849 hasConceptScore W2890889849C106159729 @default.
- W2890889849 hasConceptScore W2890889849C112698675 @default.
- W2890889849 hasConceptScore W2890889849C118084267 @default.
- W2890889849 hasConceptScore W2890889849C121955636 @default.
- W2890889849 hasConceptScore W2890889849C144133560 @default.
- W2890889849 hasConceptScore W2890889849C151730666 @default.
- W2890889849 hasConceptScore W2890889849C162118730 @default.
- W2890889849 hasConceptScore W2890889849C162324750 @default.
- W2890889849 hasConceptScore W2890889849C162853370 @default.
- W2890889849 hasConceptScore W2890889849C175444787 @default.
- W2890889849 hasConceptScore W2890889849C195487862 @default.
- W2890889849 hasConceptScore W2890889849C2777267654 @default.
- W2890889849 hasConceptScore W2890889849C61933577 @default.
- W2890889849 hasConceptScore W2890889849C86803240 @default.
- W2890889849 hasLocation W28908898491 @default.
- W2890889849 hasOpenAccess W2890889849 @default.
- W2890889849 hasPrimaryLocation W28908898491 @default.
- W2890889849 hasRelatedWork W1567361250 @default.
- W2890889849 hasRelatedWork W2020399897 @default.
- W2890889849 hasRelatedWork W2041874302 @default.
- W2890889849 hasRelatedWork W2070283143 @default.
- W2890889849 hasRelatedWork W2113370726 @default.
- W2890889849 hasRelatedWork W237163208 @default.
- W2890889849 hasRelatedWork W2497411148 @default.
- W2890889849 hasRelatedWork W2607006344 @default.
- W2890889849 hasRelatedWork W2609309074 @default.
- W2890889849 hasRelatedWork W280792904 @default.
- W2890889849 hasRelatedWork W3025951497 @default.
- W2890889849 hasRelatedWork W3037023587 @default.
- W2890889849 hasRelatedWork W3121270334 @default.
- W2890889849 hasRelatedWork W3122371567 @default.
- W2890889849 hasRelatedWork W3140738765 @default.
- W2890889849 hasRelatedWork W3144191372 @default.
- W2890889849 hasRelatedWork W3201501575 @default.
- W2890889849 hasRelatedWork W8313304 @default.
- W2890889849 hasRelatedWork W93058862 @default.
- W2890889849 hasRelatedWork W2151696046 @default.
- W2890889849 isParatext "false" @default.
- W2890889849 isRetracted "false" @default.
- W2890889849 magId "2890889849" @default.
- W2890889849 workType "article" @default.