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

Research output: Contribution to journalArticle

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.

Original languageEnglish
Pages (from-to)284-305
Number of pages22
JournalJapanese Economic Review
Volume69
Issue number3
DOIs
Publication statusPublished - 2018 Sep

ASJC Scopus subject areas

  • Economics and Econometrics

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