An approach to the demand of durable and differentiated products

The objective of this paper is to analise the demand in markets with durable and differentiated products, and in addition, with a high number of product varieties. The methodology to develop this study draws on dynamic discrete choice models. This work is a theoretical approach that gives the structural expressions for a nested dynamic model. These expressions can be a suitable support to discuss and develop further empirical work on durable and differentiated product markets.