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dc.contributor.authorClerides, Sofronisen
dc.contributor.authorCourty, Pascalen
dc.creatorClerides, Sofronisen
dc.creatorCourty, Pascalen
dc.date.accessioned2019-05-03T05:21:58Z
dc.date.available2019-05-03T05:21:58Z
dc.date.issued2017
dc.identifier.urihttp://gnosis.library.ucy.ac.cy/handle/7/47215
dc.description.abstractQuantity surcharges occur when retailers carry a product in two sizes and offer a promotion on the small size: the large size then costs more per unit than the small one. When quantity surcharges occur, sales of the large size decline only slightly even though the same quantity can be purchased for less. We document this behavior in two data sets and four product categories. It is consistent with the notion of passive shoppers found in the industrial organization literature and the notion of rational inattention in macroeconomics. We discuss implications for consumer decision making, demand estimation, and firm pricing. © 2017 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.en
dc.language.isoengen
dc.sourceReview of Economics and Statisticsen
dc.titleSales, quantity surcharge, and consumer inattentionen
dc.typeinfo:eu-repo/semantics/article
dc.identifier.doi10.1162/REST_a_00562
dc.description.volume99
dc.description.startingpage357
dc.description.endingpage370
dc.type.uhtypeArticleen
dc.contributor.orcidClerides, Sofronis [0000-0002-5054-8408]
dc.description.totalnumpages357-370


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