Pasquale Schiraldi

Sales are a widespread and well-known phenomenon that has been documented in several product markets. Regularities in such periodic price reductions appear to suggest that the phenomenon cannot be entirely attributed to ... Read more...

Economics of Industry Papers

Automobile Replacement: A Dynamic Structural Approach

01 June 2010

Pasquale Schiraldi

This paper specifies and estimates a structural dynamic model of consumer demand for new and used durable goods. Its primary contribution is to provide an explicit estimation procedure for transaction costs, which are cr... Read more...

Economics of Industry Papers

Second-Hand Markets and Collusion by Manufacturers of Semidurable Goods

01 September 2009

Pasquale Schiraldi

The focus of the present work is to study the impact of the second-hand market the collusive behavior. I analyze firms’ preferences for having an active second-hand market and whether policies (i.e. leasing policy, buy-b... Read more...