A generalized model of sales

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  • dc.contributor.author Shelegia, Sandroca
  • dc.contributor.author Wilson, Chris M.ca
  • 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.date.modified 2017-07-23T02:17:52Z
  • 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/pdfca
  • dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1541
  • dc.identifier.uri http://hdl.handle.net/10230/27403
  • 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.accessRights info:eu-repo/semantics/openAccess
  • dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
  • dc.subject.keyword sales; price dispersion; advertising; clearinghouse; heterogeneity.
  • dc.subject.keyword Business Economics and Industrial Organization
  • dc.title A generalized model of salesca
  • dc.type info:eu-repo/semantics/workingPaper