全球智库信息集成服务系统(G2TT): Measuring the Implications of Sales and Consumer Inventory Behavior

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w11307
来源ID	Working Paper 11307
	Measuring the Implications of Sales and Consumer Inventory Behavior
	Igal Hendel; Aviv Nevo
发表日期	2005-05-02
出版年	2005
语种	英语
摘要	Temporary price reductions (sales) are common for many goods and naturally result in large increases in the quantity sold. Demand estimation based on temporary price reductions may mis-measure the long run responsiveness to prices. In this paper we quantify the extent of the problem and assess its economic implications. We structurally estimate a dynamic model of consumer choice using two years of scanner data on the purchasing behavior of a panel of households. The results suggest that static demand estimates, which neglect dynamics: (i) overestimate own price elasticities by 30 percent; (ii) underestimate cross-price elasticities to other products by up to a factor of 5; and (iii) overestimate the substitution to the no purchase, or outside option, by over 200 percent.
主题	Financial Economics
URL	https://www.nber.org/papers/w11307
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/568945
推荐引用方式 GB/T 7714	Igal Hendel,Aviv Nevo. Measuring the Implications of Sales and Consumer Inventory Behavior. 2005.