Research objectives and content:
Interaction between non durable and durable goods dynamics, with non-constant prices and aggregation when the representative agent's model fails. Estimation of a discrete Markov decision process that is viewed to be suitable for describing the durable goods purchasing behaviour.
Training content (objective, benefit and expected impact)
I expect to reach a deeper knowledge in the micro-econometrics.
Links with industry / industrial relevance (22)
Cars are the durable goods that I intend to concentrate on.