I am very interested in secondary-market-related research topics. Especially, from the micro-level, e.g., starting from the utility function of consumers. I want to understand how to model rational consumers' behavior (i.e., initial investment decision, and reselling decisions in the subsequent periods) in the durable goods market (e.g., real estate, car, etc.).
I've been thinking about it myself for some time to come up with a multi-period model with infinitely many consumers each deliberating whether and when to make a purchase of a durable good (and when to sell it) that can potentially generate rent for the owner. This seems very complicated. But at the same time, I feel that this problem is so fundamental, e.g., the housing and 2nd-hand car market have been there for a long time. So I feel that some great economists must have already built a model for that. I did search for some keywords like "market microstructure" or "real estate market multi-period model", etc. I couldn't find the right paper.
I hope someone could recommend some papers on this topic for me, or suggest some author names, keywords. I appreciate it a lot.