The effects of correlated demand on pricing, inventory, and production

被引:1
|
作者
Govindaraj, Suresh [1 ,2 ,4 ]
Kumar, Mahesh [3 ]
Sarath, Bharat [1 ,2 ,4 ]
机构
[1] Rutgers Business Sch, Newark, NJ USA
[2] Rutgers State Univ, Newark, NJ 07102 USA
[3] Univ Maryland, Robert H Smith Sch Business, College Pk, MD 20742 USA
[4] Rutgers Business Sch, New Brunswick, NJ USA
关键词
multi-product inventory; price discrimination; profit smoothing; INCOME;
D O I
10.1080/16081625.2012.668056
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Existing explanations for price discrimination in products and services invoke reasons like customer segmentation, information rents, transactions costs, or inventory constraints. By contrast, we propose the sellers' objective to smooth profits as a possible explanation. We show that when sellers carry multiple products, the spread in buying and selling prices of any product depends not only on its own profits and inventory position, but also on the correlations of these variables with the other products. Consequently, sellers may price the same product differently depending on the range of products that they carry.
引用
收藏
页码:61 / 78
页数:18
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