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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Main Authors: | Luke Garrod, Ruochen Li, Christopher Wilson |
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Format: | Default Article |
Published: |
2019
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Online Access: | https://hdl.handle.net/2134/37694 |
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