haku: @indexterm RETRAINING / yhteensä: 50
viite: 3 / 50
| Tekijä: | Aguirregabiria, V. |
| Otsikko: | The dynamics of markups and inventories in retailing firms |
| Lehti: | Review of Economic Studies
1999 : APR, VOL. 66:2(227), p. 275-308 |
| Asiasana: | ECONOMICS COMPANIES RETRAINING |
| Kieli: | eng |
| Tiivistelmä: | This paper is concerned with the interaction between price and inventory decisions in retailing firms and its implications for the dynamics of markups and the existence of sales promotions. The authors consider a model where a monopolistically competitive retailer decides price and inventories, and assumes lump-sum costs, when placing orders or changing nominal prices. In this model, the existence of stockout probabilities and fixed ordering costs generate a cyclical price behavior characterized by long periods without nominal price changes and short period with very low prices. |
SCIMA