Transaction costs as a source of consumer stockpiling

Consumers often stockpile goods to store for future consumption. The existing theoretical literature has focussed on a price-based explanation where stockpiling arises due to temporary price reductions. In contrast, this paper explores a transaction-cost-based explanation where consumers stockpile t...

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Bibliographic Details
Main Authors: Luke Garrod, Ruochen Li, Christopher Wilson
Format: Default Article
Published: 2019
Subjects:
Other economics not elsewhere classified
Consumer stockpiling
Transaction costs
Price discrimination
Quantity discounts
Differentiated markets
Economics
Economics not elsewhere classified
Online Access:https://hdl.handle.net/2134/37694
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https://hdl.handle.net/2134/37694

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