Intertemporal Substitution and Storable Products
نویسندگان
چکیده
منابع مشابه
Intertemporal Substitution and Storable Products
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 th...
متن کاملIntertemporal Price Discrimination in Storable Goods Markets
We study intertemporal price discrimination when consumers can store for future consumption needs. To make the problem tractable we o¤er a simple model of demand dynamics, which we estimate using market level data. Optimal pricing involves temporary price reductions that enable sellers to discriminate between price sensitive consumers, who anticipate future needs, and less price-sensitive consu...
متن کاملIntertemporal Price Discrimination in Storable Goods Markets
We study intertemporal price discrimination when consumers can store for future consumption needs. To make the problem tractable we o¤er a simple model of demand dynamics, which we estimate using market level data. Optimal pricing involves temporary price reductions that enable sellers to discriminate between price sensitive consumers, who anticipate purchases for future consumption, and less p...
متن کاملIntertemporal Substitution at Work ?
Preliminary. Do not distribute. In this paper, we report the results from a large-scale field experiment with bicycle messengers. We increased the messengers comission rate, their sole form of compensation by 25 percent during four weeks. We find a positive and large intertemporal elasticity for the supply of hours. In response to the wage increase, messengers work roughly 30 percent more shift...
متن کاملIntertemporal Substitution in Macroeconomics
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your perso...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of the European Economic Association
سال: 2004
ISSN: 1542-4766,1542-4774
DOI: 10.1162/154247604323068212