| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27051 |
| 来源ID | Working Paper 27051 |
| A Sticky-Price View of Hoarding | |
| Christopher Hansman; Harrison Hong; Áureo de Paula; Vishal Singh | |
| 发表日期 | 2020-04-27 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We show that sticky prices exacerbate household hoarding of storable goods. When stores are slow to adjust prices following a cost shock, households have an incentive to stockpile just as in a typical retail sale. This incentive is present even in the absence of traditional panic or precautionary motives for hoarding. Using detailed US supermarket scanner data covering the 2008 global rice crisis—a shock triggered by an Indian rice export ban—we find that household hoarding anticipated retail price adjustments. We construct forecast tests relating the cross-section of product or store-level price adjustments to the expectations implied by consumer purchases. Bias and efficiency tests reject panic/precautionary motives in favor of a sticky-price view. |
| 主题 | Microeconomics ; Households and Firms |
| URL | https://www.nber.org/papers/w27051 |
| 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/584723 |
| 推荐引用方式 GB/T 7714 | Christopher Hansman,Harrison Hong,Áureo de Paula,et al. A Sticky-Price View of Hoarding. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27051.pdf（635KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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