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dc.contributor.author Shelegia, Sandro
dc.contributor.author Wilson, Chris M.
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned 2017-07-26T12:08:00Z
dc.date.available 2017-07-26T12:08:00Z
dc.date.issued 2016-10-01
dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1541
dc.identifier.uri http://hdl.handle.net/10230/27403
dc.description.abstract To provide a more exible workhorse model of temporary price reductions or "sales", this paper presents a substantially generalized "clearinghouse" sales framework. Our framework permits multiple dimensions of firm heterogeneity, and views firms as competing directly in utility rather than prices. The paper i) reproduces and extends many equilibria from the existing literature, ii) offers a range of new results on how firm heterogeneity affects market outcomes, iii) provides original insights into the number and type of firms that use sales, and iv) extends a "cleaning" procedure that is commonly used in empirical studies of sales and price dispersion.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 1541
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title A generalized model of sales
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2017-07-23T02:17:52Z
dc.subject.keyword sales; price dispersion; advertising; clearinghouse; heterogeneity.
dc.subject.keyword Business Economics and Industrial Organization
dc.rights.accessRights info:eu-repo/semantics/openAccess

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