Replication data for: Intertemporal Price Discrimination in Storable Goods Markets
Principal Investigator(s): View help for Principal Investigator(s) Igal Hendel; Aviv Nevo
Version: View help for Version V1
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Project Citation:
Hendel, Igal, and Nevo, Aviv. Replication data for: Intertemporal Price Discrimination in Storable Goods Markets. Nashville, TN: American Economic Association [publisher], 2013. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112682V1
Project Description
Summary:
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We study intertemporal price discrimination when consumers can
store for future consumption needs. We offer a simple model of demand dynamics, which we estimate using market-level data. Optimal pricing involves temporary price reductions that enable sellers to discriminate between price sensitive consumers, who stockpile for future consumption, and less price-sensitive consumers, who do not stockpile. We empirically quantify the impact of intertemporal price discrimination on profits and welfare. We find that sales (i) capture 25-30 percent of the gap between non-discriminatory profits and (unattainable) third-degree price discrimination profits, (ii) increase total welfare, and (iii) have a modest impact on consumer welfare.
Scope of Project
JEL Classification:
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D11 Consumer Economics: Theory
D12 Consumer Economics: Empirical Analysis
L11 Production, Pricing, and Market Structure; Size Distribution of Firms
L12 Monopoly; Monopolization Strategies
L81 Retail and Wholesale Trade; e-Commerce
D11 Consumer Economics: Theory
D12 Consumer Economics: Empirical Analysis
L11 Production, Pricing, and Market Structure; Size Distribution of Firms
L12 Monopoly; Monopolization Strategies
L81 Retail and Wholesale Trade; e-Commerce
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