Making Decisions For the Future: Value of Delayed Durables and Shrinkage in Usage Duration

Durables provide a stream of benefits over their usage duration. We demonstrate that perceived usage duration is an important determinant of intertemporal preference for durables. Specifically, we show that usage duration for a durable subjectively shrinks when planned to be purchased in the future, which results in impatience for durables.



Citation:

Kyu B. Kim and Raghuram Iyengar (2013) ,"Making Decisions For the Future: Value of Delayed Durables and Shrinkage in Usage Duration", in NA - Advances in Consumer Research Volume 41, eds. Simona Botti and Aparna Labroo, Duluth, MN : Association for Consumer Research, Pages: .

Authors

Kyu B. Kim, University of Southern California, USA
Raghuram Iyengar, University of Pennsylvania, USA



Volume

NA - Advances in Consumer Research Volume 41 | 2013



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