| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w9048
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| 来源ID | Working Paper 9048
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| Sales and Consumer Inventory |
| Igal Hendel; Aviv Nevo
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| 发表日期 | 2002-07-11
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| 出版年 | 2002
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| 语种 | 英语
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| 摘要 | Temporary price reductions (sales) are common for many goods and naturally result in large increase in the quantity sold. We explore whether the data support the hypothesis that these increases are, at least partly, due to dynamic consumer behavior: at low prices consumers stockpile for future consumption. This effect, if present, renders standard static demand estimates misleading, which has broad economic implications. We construct a dynamic model of consumer choice, use it to derive testable predictions and test these predictions using two years of scanner data on the purchasing behavior of a panel of households. The results support the existence of household stockpiling behavior and suggest that static demand estimates, which neglect dynamics, may overestimate price sensitiveness by up to a factor of 2 to 6. |
| 主题 | Industrial Organization
; Antitrust
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| URL | https://www.nber.org/papers/w9048
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/566657
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推荐引用方式
GB/T 7714 |
Igal Hendel,Aviv Nevo. Sales and Consumer Inventory. 2002.
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文件名：
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w9048.pdf
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格式：
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Adobe PDF
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