Abstract
The paper formulates a queuing model for durable goods which leads to the conclusion that the permanent appearance of excess demand may represent equilibrium. These notions are applied to the automobile market in Poland. This market is modeled as an econometric disequilibrium model showing permanent excess demand with three separate submarkets: (1) the nonclearing market for new cars; (2) the market for new cars sold for hard currencies; and (3) the second-hand market. Maximum likelihood estimates are obtained for the parameters. From these estimates we derive an estimate of the mean waiting time for new cars and find it to be compatible with more informal evidence.
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