TEMPORARY SALES IN RESPONSE TO AGGREGATE SHOCKS

Benjamin Eden (), Maya Eden (), Oscar Oflaherty () and Jonah Yuen ()
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Oscar Oflaherty: Vanderbilt University
Jonah Yuen: Vanderbilt University

No 20-00001, Vanderbilt University Department of Economics Working Papers from Vanderbilt University Department of Economics

Abstract: Using scanner data from supermarkets, we establish some stylized facts about temporary sales and argue that temporary sales play an important role in the reaction of prices to small demand shocks. We use a model in which temporary sales are reactions to aggregate shocks and the accumulation of unwanted inventories to account for our empirical findings.

Keywords: Temporary Sales; Unwanted Inventories; Sequential Trade (search for similar items in EconPapers)
JEL-codes: D4 E0 (search for similar items in EconPapers)
Date: 2020-04-15
New Economics Papers: this item is included in nep-com and nep-mac
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Related works:
Working Paper: Temporary sales in response to aggregate shocks (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:van:wpaper:vuecon-sub-20-00001

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