The American economic review, 2013-12, Vol.103 (7), p.2722-2751
2013
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Details
- Autor(en) / Beteiligte
- Titel
- Intertemporal Price Discrimination in Storable Goods Markets
- Ist Teil von
- The American economic review, 2013-12, Vol.103 (7), p.2722-2751
- Ort / Verlag
- Nashville: American Economic Association
- Erscheinungsjahr
- 2013
- Quelle
- Business Source Ultimate
- Beschreibungen/Notizen
- We study intertemporal price discrimination when consumers can store for future consumption needs. We offer 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 stockpile for future consumption, and less price-sensitive consumers, who do not stockpile. We empirically quantify the impact of intertemporal price discrimination on profits and welfare. We find that sales (i) capture 25-30 percent of the gap between non-discriminatory profits and (unattainable) third-degree price discrimination profits, (ii) increase total welfare, and (iii) have a modest impact on consumer welfare.
- Sprache
- Englisch
- Identifikatoren
- ISSN: 0002-8282eISSN: 1944-7981DOI: 10.1257/aer.103.7.2722Titel-ID: cdi_proquest_miscellaneous_1477167762
- Format
- –
- Schlagworte
- Arbitrage, Consumer behavior, Consumer economics, Consumer goods, Consumer prices, Consumers, Consumption, Cost control, Demand, Discrimination, Economic models, Empirical research, Estimates, Estimation, Goods, Inventory, Marginal costs, Market prices, Market theory, Packaged goods, Price discrimination, Price theory, Prices, Pricing, Pricing policies, Product differentiation, Sales, Studies