Consumer Inventory and Demand for Storable Goods: New Evidence from a Consumer Survey

IF 1.5 4区经济学 Q2 ECONOMICS

Japanese Economic Review Pub Date : 2018-08-06 DOI:10.1111/jere.12191

Kazuko Kano

引用次数: 4

Abstract

In this study, I provide new evidence on consumer inventory from a unique survey on the purchase and inventory of a storable product. I confirm that the predictions regarding the correlations between the key variables of purchase probability, purchase quantity and inventory derived from the standard dynamic models of consumer inventory are consistent with the data. Furthermore, I find that the amount of daily consumption varies within a household across time and depends on inventory holding. The evidence does not conform to a constant consumption rate, which studies often assume for tractability.

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消费者库存和对可储存商品的需求:来自消费者调查的新证据

在这项研究中，我提供了新的证据，消费者库存从一个独特的调查购买和库存的可储存产品。我确认由消费者库存标准动态模型推导出的购买概率、购买数量和库存这三个关键变量之间的相关性预测与数据一致。此外，我发现家庭的日常消费量随时间而变化，并取决于库存持有情况。证据并不符合恒定的消耗率，而研究通常假设恒定的消耗率是可追溯的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Japanese Economic Review ECONOMICS-

CiteScore

2.70

自引率

0.00%

发文量

期刊介绍： Started in 1950 by a group of leading Japanese economists under the title The Economic Studies Quarterly, the journal became the official publication of the Japanese Economic Association in 1959. As its successor, The Japanese Economic Review has become the Japanese counterpart of The American Economic Review, publishing substantial economic analysis of the highest quality across the whole field of economics from researchers both within and outside Japan. It also welcomes innovative and thought-provoking contributions with strong relevance to real economic issues, whether political, theoretical or policy-oriented.