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The Relation between Inventory Investment and Price Dynamics in a Distributive Firm
http://hdl.handle.net/2261/55354
http://hdl.handle.net/2261/553542cff0a07-15bf-4dc9-8363-b2774f0d3da1
名前 / ファイル | ライセンス | アクション |
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Item type | テクニカルレポート / Technical Report(1) | |||||
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公開日 | 2015-05-11 | |||||
タイトル | ||||||
タイトル | The Relation between Inventory Investment and Price Dynamics in a Distributive Firm | |||||
言語 | ||||||
言語 | eng | |||||
キーワード | ||||||
主題 | Inventory | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | Price Stickiness | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | Numerical Experiment | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | (S, s) Policy | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | JEL Classification: D22, E27, E31 | |||||
主題Scheme | Other | |||||
資源タイプ | ||||||
資源 | http://purl.org/coar/resource_type/c_18gh | |||||
タイプ | technical report | |||||
著者 |
Tonogi, Akiyuki
× Tonogi, Akiyuki |
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著者所属 | ||||||
著者所属 | Institute of Innovation Research, Hitotsubashi University | |||||
抄録 | ||||||
内容記述タイプ | Abstract | |||||
内容記述 | In this paper, we examine the role of inventory in the price-setting behavior of a distributive firm. Empirically, we show the 5 empirical facts relating to pricing behavior and selling quantity of a certain consumer goods based on daily scanner data to examine the relation between store properties and pricing behavior. These results denote that price stickiness varies by the retailers’ characteristics. We consider that the hidden mechanism of price stickiness comes from the retailer’s policy for inventory investment. A partial equilibrium model of the retailer’s optimization behavior with inventory is constructed so as to replicate the five empirical facts. The results of the numerical experiments in the constructed model suggest that price change frequency depends on the retailer’s order cost, storage cost, and menu cost, not on the price elasticity of demand. | |||||
内容記述 | ||||||
内容記述タイプ | Other | |||||
内容記述 | 2012~2016年度科学研究費補助金[基盤研究(S)]「長期デフレの解明」(研究代表者 東京大学経済学研究科・渡辺努, 課題番号:24223003) | |||||
書誌情報 |
JSPS Grants-in-Aid for Scientific Research (S) Understanding Persistent Deflation in Japan Working Paper Series 巻 016, 発行日 2013-08 |
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出版者 | ||||||
出版者 | UTokyo Price Project | |||||
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識別子タイプ | URI | |||||
関連識別子 | http://www.price.e.u-tokyo.ac.jp/researchdata/ |