地区商业周期中的附加定价：来自延保的证据

IF 1.5 3区经济学 Q2 ECONOMICS

International Economic Review Pub Date : 2024-06-01 DOI:10.1111/iere.12710

Branko Bošković, Sacha Kapoor, Agnieszka Markiewicz, Barry Scholnick

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引用次数: 0

摘要

附加产品是可以增强基本产品功能或提高其质量的功能或服务。它们无处不在。然而，我们对附加产品价格在商业周期中的行为却知之甚少。我们利用加拿大一家全国性零售商 10 年的数据，对典型的附加产品--延保价格的本地周期性进行了调查。我们发现基本价格是非周期性的。保修价格是顺周期的，因为当地商店利用保修降低了耐用品需求的价格弹性。我们发现附加产品会放大对国家商业周期的反应，并研究了其对通胀率偏差的影响。

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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ADD-ON PRICING OVER REGIONAL BUSINESS CYCLES: EVIDENCE FROM EXTENDED WARRANTIES

Add ons are features or services that can enhance the functionality or quality of base goods. They are pervasive. Yet we know little about the behavior of add-on prices over the business cycle. We use 10 years of data from a nationwide Canadian retailer to investigate the local cyclicality of extended warranty prices, a classic add on. We find base prices are acyclical. Warranty prices are procyclical because local stores use warranties to make demand for durable goods less price-elastic. We show add ons amplify responses to national business cycles and study the implications for inflation rate bias.

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来源期刊

International Economic Review ECONOMICS-

CiteScore

2.60

自引率

0.00%

发文量

期刊介绍： The International Economic Review was established in 1960 to provide a forum for modern quantitative economics. From its inception, the journal has tried to stimulate economic research around the world by publishing cutting edge papers in many areas of economics, including econometrics, economic theory, macro, and applied economics.