التفاصيل البيبلوغرافية
| العنوان: |
INVENTORY MANAGEMENT IN DECENTRALIZED MARKETS. |
| المؤلفون: |
Li, Fei, Murry, Charles, Tian, Can, Zhou, Yiyi |
| المصدر: |
International Economic Review; Feb2024, Vol. 65 Issue 1, p431-470, 40p |
| مصطلحات موضوعية: |
INVENTORY control, MARKETING management, WHOLESALE prices, REVENUE management, TIME-based pricing |
| مستخلص: |
We present a directed search model of intermediaries' dynamic inventory and revenue management. Search frictions hinder instantaneous replenishment, prompting intermediaries to utilize dynamic inventory‐based pricing and ordering strategies. In equilibrium, when inventory is high, an intermediary posts a lower retail price to speed up sales and depresses wholesale price to slow down purchases. We characterize the evolution dynamics of inventory holdings and their steady‐state distribution, and extend the model to multiunit wholesale orders, product differentiation, and heterogeneous intermediaries. Using data from used‐car dealers, we quantitatively evaluate the welfare consequence of used‐car dealers' inventory management practice. [ABSTRACT FROM AUTHOR] |
|
Copyright of International Economic Review is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) |
| قاعدة البيانات: |
Complementary Index |
Full Text Finder