Equilibrium Price Dispersion with Consumer Inventories

By P. Hong, R. Mcafee, A. Nayyar. 2002

78 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Marketing, Strategy and Management

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Michael P. Keane
2. Tülin Erdem
3. Baohong Sun
4. Daniel Hosken
5. Aviv Nevo
6. Susumu Imai
7. C. Leung
8. Igal Hendel

In Marketing

1. Michael P. Keane
2. Tülin Erdem
3. Baohong Sun
4. Daniel Hosken
5. Aviv Nevo
6. Susumu Imai
7. Igal Hendel
8. R. McMillan

In Strategy and Management

1. Michael P. Keane
2. Aviv Nevo
3. Baohong Sun

Citations in the corpus

• Panel Data Discrete Choice Models of Consumer Demand (2013, background): “Pesendorfer (2002) and Hong et al (2002) argue that a type of inter-temporal price discrimination strategy on the part of firms, where retailers play mixed strategies, most plausibly 5 Chamberlain (1985)‘s negative results on non-parametric identification of state dependence do raise some…”
• Intertemporal Price Discrimination in Storable Goods Markets (2011, background): “Given the distribution of future prices, as shown in Hong et al. (2002) and Perrone (2010), there is a threshold below which the good is purchased for future consumption.”
• A Dynamic Model of Brand Choice When Price and Advertising Signal Product Quality (2008, background): “11 Erdem et al (2003) and Hong et al (2002) note that prices of frequently purchased consumer goods exhibit complex serial correlation patterns.”
• Housing Price Dispersion: An Empirical Investigation (2006, background): “31 For instance, see Hong et al. (2002) , Curtis and Wright (2004), Kamiya and Sato (2004), and the”
• Sales and consumer inventory (2001, unknown): “We could assume consumption is exogenously determined, either at a fixed rate or randomly distributed (independently of prices), instead of endogenously determined.”
• Retail Gasoline Pricing: What Do We Know? (2008, background): “33 Hong et al. (2002) examines a dynamic version of Varian’s model where the consumers who search can also store the good for future consumption.”
• Brand and Quantity Choice Dynamics Under Price Uncertainty (2003, background): “Both Pesendorfer (2002) and Hong et al. (2002) point out that it is hard to explain observed serial correlation in retail prices without consumer stockpiling behavior.”