全球智库信息集成服务系统(G2TT): Scarcity Rents in Car Retailing: Evidence from Inventory Fluctuations at Dealerships

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w12177
来源ID	Working Paper 12177
	Scarcity Rents in Car Retailing: Evidence from Inventory Fluctuations at Dealerships
	Florian Zettelmeyer; Fiona Scott Morton; Jorge Silva-Risso
发表日期	2006-05-01
出版年	2006
语种	英语
摘要	Price variation for identical cars at the same dealership is commonly assumed to arise because dealers with market power are able to price discriminate among their customers. In this paper we show that while price discrimination may be one element of price variation, price variation also arises from inventory fluctuations. Inventory fluctuations create scarcity rents for cars that are in short supply. The price variation due to inventory fluctuations thus functions to efficiently allocate particular cars that are in restricted supply to those customers who value them most highly. Our empirical results show that a dealership moving from a situation of inventory shortage to an average inventory level lowers transaction prices by about 1% ceteris paribus, corresponding to 15% of dealers' average per vehicle profit margin or $250 on the average car. Shorter resupply times also decrease transaction prices for cars in high demand. For traditional dealerships, inventory explains 49% of the combined inventory and demographic components of the predicted price. For so-called 'no-haggle' dealerships, the percentage explained by inventory increases to 74%.
主题	Industrial Organization ; Market Structure and Firm Performance
URL	https://www.nber.org/papers/w12177
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/569831
推荐引用方式 GB/T 7714	Florian Zettelmeyer,Fiona Scott Morton,Jorge Silva-Risso. Scarcity Rents in Car Retailing: Evidence from Inventory Fluctuations at Dealerships. 2006.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w12177.pdf（477KB）	智库出版物		限制开放	CC BY-NC-SA	浏览