کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9731506 | 1480486 | 2005 | 17 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Dynamic cash discounts when sales volume is stochastic
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
In this paper, a dynamic terms of sale model is developed which suggests deep cash discounts can be partially explained by the positive relationship between the shadow value of sales and the optimal cash discount. The effect of sales volume uncertainty on the magnitude of cash discounts is also explored. Numerical results suggest the relationship between uncertainty and cash discounts is nonlinear. The model is then re-cast as a dynamic, differential game between two competing suppliers who use cash discounts to entice buyers. The results suggest that when firms are allowed to behave strategically, cash discounts are always larger as a result.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The Quarterly Review of Economics and Finance - Volume 45, Issue 1, February 2005, Pages 144-160
Journal: The Quarterly Review of Economics and Finance - Volume 45, Issue 1, February 2005, Pages 144-160
نویسندگان
Jeffrey R. Stokes,