A Sticky-Price View of Hoarding
66 Pages Posted: 8 May 2020 Last revised: 22 Sep 2021
There are 4 versions of this paper
A Sticky-Price View of Hoarding
Kilts Center for Marketing at Chicago Booth – Nielsen Dataset Paper Series 1-050
Number of pages: 65
Posted: 21 Nov 2014
Last Revised: 06 Sep 2022
Downloads
576
A Sticky-Price View of Hoarding
NBER Working Paper No. w27051
Number of pages: 64
Posted: 28 Apr 2020
Last Revised: 01 Dec 2022
Downloads
11
Hoard Behavior During Commodity Bubbles
CEPR Discussion Paper No. DP10441
Number of pages: 53
Posted: 24 Feb 2015
Date Written: April 2020
Abstract
precautionary motives for hoarding. Using detailed US supermarket scanner data covering the 2008 global rice crisis-a shock triggered by an Indian rice export ban-we find that household hoarding anticipated retail price adjustments. We construct forecast tests relating the cross-section of product or store-level price adjustments to the expectations implied by consumer purchases. Bias and efficiency tests reject panic/precautionary motives in favor of a sticky price view.
Suggested Citation: Suggested Citation
de Paula, Aureo and Hansman, Christopher and Hong, Harrison G. and Singh, Vishal, A Sticky-Price View of Hoarding (April 2020). CEPR Discussion Paper No. DP14633, Available at SSRN: https://ssrn.com/abstract=3594264
Do you have a job opening that you would like to promote on SSRN?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.