Pricing (almost) any used goods: a first step towards a theoretical framework

cianni, victor (2020): Pricing (almost) any used goods: a first step towards a theoretical framework.

Abstract

From the latest technological gadget to the multi-century collectible item, millions of used goods are exchanged on marketplaces every day. Yet, there have been very few attempts to propose a pricing theory that could help buyers and sellers set a price at any point in time. In this paper, we build a robust framework and introduce a cohort-specific model to explain how the price of used goods evolves over time. Despite its simplicity, we believe that this model could be applied to an extensive range of used goods.

• Item Type: MPRA Paper
• Language: English
• Keywords: Keywords: used goods, cohort-specific, pricing, second-hand markets, beta-type
• Subjects: D - Microeconomics > D4 - Market Structure, Pricing, and Design; G - Financial Economics > G1 - General Financial Markets > G12 - Asset Pricing ; Trading Volume ; Bond Interest Rates; G - Financial Economics > G1 - General Financial Markets > G15 - International Financial Markets

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