Quasi-Engel Curves, Diffusion, and the Ownership of Major Consumer Durables
Bibliographic Data
| ID | 10174796 |
|---|---|
| Authors | Holger Bonus (corresponding author) |
| Year | 1973 |
| Volume | 81 |
| Issue | 3 |
| Pages | 655-677 |
| Publication date | 1973-05-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/260063 |
| OpenAlex | W2067498189 |
| Language | EN |
| Citations received | 3 |
| References cited | 6 |
When a new durable is introduced, the fraction of owners in the population increases. A growth curve is observed, which is a logistic in some cases, but skewed in others. The logistic is usually taken as evidence for "epidemic diffusion." Empirical analysis of a series of subsequent cross sections reveals, however, that logistic growth curves result when no diffusion whatsoever occurs, that is, when growth is fully income induced. Skewness of growth curves, as observed during the spread of television ownership, is likely to appear when there is "learning," or when the good is transformed from a luxury into a necessity
Diffusion · Econometrics · Economics · Logistic function · Logistic regression · Population · Skewness · Statistics · Thermodynamics · Complex Systems and Time Series Analysis · Consumer Market Behavior and Pricing · Demography · Economic theories and models · Mathematics
| Citations per year | 0.06 |
|---|---|
| Citation span | 1978 - 2023 (46) |
| Highly cited | No |