EconPapers    
Economics at your fingertips  
 

The Demand for Food Products: An Analysis of Interpurchase Times and Purchased Quantities

Christine Boizot, Jean-Marc Robin and Michael Visser

Economic Journal, 2001, vol. 111, issue 470, 391-419

Abstract: In this paper we study household purchase behaviour of storable food products. An inventory model is developed in which the household chooses an optimal stock level of the product. Storage of the product is costly, there is a fixed cost per purchase occasion, and the market price is sometimes discounted because of price promotions. We show that the optimal purchase policy is an s, S policy. The model is used to derive predictions on the correlations between interpurchase times and purchased quantities on the one hand, and prices on the other. These predictions are empirically verified using consumer panel data.

Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (44)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: The Demand for Food Products: An Analysis of Interpurchase Times and Purchased Quantities (2001)
Working Paper: The Demand for Food Products: An Analysis of Interpurchase Times and Purchased Quantities (1997) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecj:econjl:v:111:y:2001:i:470:p:391-419

Ordering information: This journal article can be ordered from
http://www.blackwell ... al.asp?ref=0013-0133

Access Statistics for this article

Economic Journal is currently edited by Martin Cripps, Steve Machin, Woulter den Haan, Andrea Galeotti, Rachel Griffith and Frederic Vermeulen

More articles in Economic Journal from Royal Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing () and Christopher F. Baum ().

 
Page updated 2025-03-22
Handle: RePEc:ecj:econjl:v:111:y:2001:i:470:p:391-419