000132191 001__ 132191 000132191 005__ 20241125101142.0 000132191 0247_ $$2doi$$a10.1111/sjoe.12546 000132191 0248_ $$2sideral$$a137327 000132191 037__ $$aART-2023-137327 000132191 041__ $$aeng 000132191 100__ $$aKim, H. Youn 000132191 245__ $$aDurable goods and consumer behavior with liquidity constraints 000132191 260__ $$c2023 000132191 5060_ $$aAccess copy available to the general public$$fUnrestricted 000132191 5203_ $$aThis paper presents an integrated model of intratemporal demand and intertemporal consumption, with allowance for durable goods and liquidity constraints. Demand equations for non‐durable and durable goods with the user cost of durable goods are jointly estimated with a consumption Euler equation incorporating liquidity constraints for Norwegian consumers from 1978 to 2018. Results show that demand analyses ignoring durable goods lead to a significant bias in the elasticities of non‐durable goods. Norwegian consumers are found to be impatient, with low risk aversion. There is weak evidence for liquidity constraints in consumption. No strong evidence exists for intertemporal substitution in consumption, but a considerable effect of uncertainty is found in durable consumption. 000132191 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/ 000132191 590__ $$a1.3$$b2023 000132191 592__ $$a1.175$$b2023 000132191 591__ $$aECONOMICS$$b323 / 600 = 0.538$$c2023$$dQ3$$eT2 000132191 593__ $$aEconomics and Econometrics$$c2023$$dQ1 000132191 594__ $$a2.5$$b2023 000132191 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion 000132191 700__ $$0(orcid)0000-0002-9437-4606$$aMolina, José Alberto$$uUniversidad de Zaragoza 000132191 700__ $$aWong, K. K. Gary 000132191 7102_ $$14000$$2415$$aUniversidad de Zaragoza$$bDpto. Análisis Económico$$cÁrea Fund. Análisis Económico 000132191 773__ $$g126, 1 (2023), 155-193$$pScand. j. econ.$$tSCANDINAVIAN JOURNAL OF ECONOMICS$$x0347-0520 000132191 8564_ $$s862729$$uhttps://zaguan.unizar.es/record/132191/files/texto_completo.pdf$$yVersión publicada 000132191 8564_ $$s1297550$$uhttps://zaguan.unizar.es/record/132191/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada 000132191 909CO $$ooai:zaguan.unizar.es:132191$$particulos$$pdriver 000132191 951__ $$a2024-11-22-12:03:03 000132191 980__ $$aARTICLE