search query: @freeterm storable products / total: 1
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| Author: | Hendel, I. Nevo, A. |
| Title: | Intertemporal substitution and storable products |
| Journal: | Journal of the European Economic Association
2004 : APR-MAY, VOL. 2:2-3, p. 536-547 |
| Index terms: | consumer behaviour intertemporal economics |
| Freeterms: | storable products |
| Language: | eng |
| Abstract: | 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. The predictions of a consumer inventory model are discussed here and the available evidence is reviewed. Also, the implications for demand estimation and present estimates of the economic magnitude of the dynamic effect of storability are discussed. |
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