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CSIO Electronic Working Papers, Northwestern University >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/38644
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Hendel, Igal | | en_US |
| dc.contributor.author | | Nevo, Aviv | | en_US |
| dc.date.accessioned | | 2010-08-13T08:26:08Z | | - |
| dc.date.available | | 2010-08-13T08:26:08Z | | - |
| dc.date.issued | | 2004 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/38644 | | - |
| dc.description.abstract | | Temporary price reductions (sales) are common for many goods and naturally result in a 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, 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 may overestimate price sensitivity. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Center for the Study of Industrial Organization at Northwestern Univ. Evanston, Ill. | | en_US |
| dc.relation.ispartofseries | | CSIO working paper 0061 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.title | | Sales and consumer inventory | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 505144018 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CSIO Electronic Working Papers, Northwestern University
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