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

Kazuko Kano*

*この研究の対応する著者

研究成果査読

抄録

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.

本文言語English
ページ(範囲)284-305
ページ数22
ジャーナルJapanese Economic Review
69
3
DOI
出版ステータスPublished - 2018 9

ASJC Scopus subject areas

  • 経済学、計量経済学

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