| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13382 |
| DP13382 Price Reference Effects in Consumer Demand | |
| Martin Pesendorfer | |
| 发表日期 | 2018-12-10 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | We develop a structural model of demand with expectations-based reference effects following Koszegi and Rabin (2006). We apply this model to panel data on ketchup purchases and a repeated cross section on automobile purchases, finding significant reference effects in both cases. Estimated reference effects imply substantial differences between short- and long-run demand responses, with magnitudes comparable to a dynamic stockpiling model. This attractive model feature allows us to explore price policy alternatives such as high-low versus every-day-low-pricing at low computational cost. Finally, we embed the model within a fully dynamic framework additionally accommodating limited attention and forward-looking search. |
| 主题 | Industrial Organization |
| URL | https://cepr.org/publications/dp13382 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542193 |
| 推荐引用方式 GB/T 7714 | Martin Pesendorfer. DP13382 Price Reference Effects in Consumer Demand. 2018. |
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