منابع مشابه
Why don't prices rise during periods of peak demand? Evidence from scanner data
Abstract We examine the retail prices and wholesale prices of a large supermarket chain in Chicago over seven and one-half years. We show that prices tend to fall during the seasonal demand peak for a product and that changes in retail margins account for most of those price changes. Moreover, we find that retails margins are reduced during peak periods of demand for specific goods even if thes...
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Electricity demand response refers to consumer actions that change the utility load profile in a way that reduces costs or improves grid security. Residential demand response (RDR) can be treated as an energy resource which can be assessed and commercially developed. RDR prospectors require more detailed information about usage patterns and penetration for specific electrical appliances during ...
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In most deterministic manufacturing decision models, demand is either known or induced by pricing decisions in the period that the demand is experienced. However, in more realistic market scenarios consumers make purchase decisions with respect to price, not only in the current period, but also in past and future periods. We model a joint manufacturing/pricing decision problem, accounting for t...
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Relative prices are nonstationary and standard root-T inference is invalid for demand systems. But demand systems are nonlinear functions of relative prices, and standard methods for dealing with nonstationarity in linear models cannot be used. Demand system residuals are also frequently found to be highly persistent, further complicating estimation and inference. We propose a variant of the tr...
متن کاملSticky Demand vs. Sticky Prices
Sticky demand – sticky nominal spending – acts as a substitute for sticky prices. In an inventorytheoretic model of the demand for money, monetary injections are offset by endogenous movements in velocity that keep nominal spending flat. When embedded in a sticky price model, this reduces the model’s reliance on implausibly large amounts of exogenous stickiness. For example: 6 months asset mark...
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ژورنال
عنوان ژورنال: Journal of Marketing & Distribution
سال: 2013
ISSN: 1345-9015,2186-0939
DOI: 10.5844/jsmd.15.1_39