分散市场中的库存管理

IF 1.5 3区经济学 Q2 ECONOMICS

International Economic Review Pub Date : 2023-09-02 DOI:10.1111/iere.12669

Fei Li, Charles Murry, Can Tian, Yiyi Zhou

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引用次数: 0

摘要

我们提出了一个中介机构动态库存和收益管理的定向搜索模型。搜索摩擦阻碍了即时补货，促使中介机构采用基于库存的动态定价和订购策略。在均衡状态下，当库存高时，中介发布较低的零售价格以加快销售，并压低批发价格以减缓购买。我们刻画了库存持有量及其稳态分布的演化动力学，并将模型扩展到多单位批发订单、产品差异化和异质中介。利用二手车经销商的数据，我们定量评估了二手车经销商库存管理实践的福利后果。本文受版权保护。保留所有权利

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INVENTORY MANAGEMENT IN DECENTRALIZED MARKETS

We present a directed search model of intermediaries' dynamic inventory and revenue management. Search frictions hinder instantaneous replenishment, prompting intermediaries to utilize dynamic inventory-based pricing and ordering strategies. In equilibrium, when inventory is high, an intermediary posts a lower retail price to speed up sales and depresses wholesale price to slow down purchases. We characterize the evolution dynamics of inventory holdings and their steady-state distribution, and extend the model to multiunit wholesale orders, product differentiation, and heterogeneous intermediaries. Using data from used-car dealers, we quantitatively evaluate the welfare consequence of used-car dealers' inventory management practice.

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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.