| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20768 |
| 来源ID | Working Paper 20768 |
| Best Prices: Price Discrimination and Consumer Substitution | |
| Judith A. Chevalier; Anil K. Kashyap | |
| 发表日期 | 2014-12-22 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We propose a method for aggregating prices when retailers use periodic sales to price-discriminate amongst heterogeneous customers. To do so, we introduce a model in which Loyal customers buy one brand and do not strategically time purchases, while Bargain Hunters always pay the lowest price available, the “best price”. We derive the exact price index and demonstrate empirically that accounting for our best price construct substantially improves the match between conventional price aggregation strategies and actual prices paid by consumers. We demonstrate that our methodology improves inflation measurement without imposing an unrealistically large burden on the data-collection agency. |
| 主题 | Econometrics ; Estimation Methods ; Microeconomics ; Households and Firms ; Market Structure and Distribution ; Industrial Organization ; Industry Studies |
| URL | https://www.nber.org/papers/w20768 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578443 |
| 推荐引用方式 GB/T 7714 | Judith A. Chevalier,Anil K. Kashyap. Best Prices: Price Discrimination and Consumer Substitution. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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