INTERTEMPORAL SUBSTITUTION AND STORABLE PRODUCTS

被引：17

作者：

Hendel, Igal ^{[1
,2
]}

Nevo, Aviv ^{[2
,3
]}

机构：

[1] Univ Wisconsin, Madison, WI 53706 USA

[2] NBER, Cambridge, MA 02138 USA

[3] Univ Calif Berkeley, Berkeley, CA 94720 USA

来源：

JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION | 2004年 / 2卷 / 2-3期

关键词：

D O I：

10.1162/154247604323068212

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Storable products allow consumers to time their purchases to exploit price fluctuations. It has been documented that during promotions consumers buy more. The additional purchases are potentially intended not only for current use, but to be stockpiled for future consumption. This paper discusses the predictions of a consumer inventory model and reviews the available evidence. We then discuss the implications for demand estimation and present estimates of the economic magnitude of the dynamic effect of storability. (JEL: L0, L4, D1, D4)

引用

页码：536 / 547

页数：12

共 31 条

[1]

Anton James, 2003, WORKING PAPER

[2] OPTIMAL INVENTORY POLICY [J].