STORABLE GOOD MARKET WITH INTERTEMPORAL COST VARIATIONS
研究了生产成本随时间变化时，企业如何通过动态定价影响消费者储存行为，为不完全和负成本传导现象提供新解释。
Abstract We investigate a firm's dynamic pricing policy in a storable good market where the cost of production varies over time. In anticipation of a cost increase, the firm selects its prices to affect consumer storage. Price dynamics hinge upon the curvature of demand and the magnitude of the consumer storage cost. When demand is not too convex, the consumers' reluctance to store leads the firm to reduce prices to stimulate consumer storage. This shapes the firm's cost pass‐through and the price commitment effects. Our analysis provides a novel explanation for the well‐documented puzzling patterns of incomplete and negative cost pass‐through.