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
Additional contact information
Christine Boizot: CORELA - Laboratoire de Recherche sur la Consommation - INRA - Institut National de la Recherche Agronomique

Post-Print from HAL

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.

Keywords: Demand; for; Food; Products (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (34)

Published in The Economic Journal, 2001, 111 (470), pp.391-419. ⟨10.1111/1468-0297.00613⟩

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

Related works:
Journal Article: 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:hal:journl:hal-00357760

DOI: 10.1111/1468-0297.00613

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2025-04-01
Handle: RePEc:hal:journl:hal-00357760