Application of the Free Tangent Law in Quantification of Household Satisfaction from Durable Consumer Goods

Abstract

This paper presents a postulate for a new approach in the measurement of households’ satisfaction from durable consumer goods, based on a modified inflation expectation measurement method used in survey research. The authors examine the application of a three-step qualitative evaluation, followed by the quantification of responses using a modified Carlson and Parkin method adopted in the context of the free tangent law.

Keywords

• the free tangent law
• subjective wellbeing
• durable goods