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: 63
Posted: 21 Nov 2014
Last Revised: 01 Sep 2021
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558
A Sticky-Price View of Hoarding
Number of pages: 64
Posted: 28 Apr 2020
Last Revised: 01 Dec 2021
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6
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). Available at SSRN: https://ssrn.com/abstract=3594264
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