Inventory Dynamics Under Transaction Costs

A conceptual model of storage behavior is developed. Optimal intertemporal pricing is derived to analyze the effects of transaction costs on storage and arbitrage pricing. It is shown how transaction costs can rationalize the existence of an inverse carrying charge for inventory. The model is applied to U.S. soybeans stocks for the period 1960-95. The empirical results suggest that transaction costs have a significant influence on storage behavior and ntertemporal arbitrage pricing

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Year of publication:	2010
Authors:	Chavas, Jean-Paul ; Despins, Paula M. ; Fortenbery, T. Randall
Publisher:	[S.l.] : SSRN
Subject:	Transaktionskosten \| Transaction costs \| Theorie \| Theory \| Lagermanagement \| Warehouse management \| Schätzung \| Estimation \| Sojabohne \| Soybean \| Preismanagement \| Pricing strategy
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: American Journal Agricultural Economics, Vol. 82, Issue 2 Volltext nicht verfügbar
Classification:	Q13 - Agricultural Markets and Marketing; Cooperatives; Agribusiness
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014154488