The operations management discipline has made substantial progress developing analytical models to help firms make tactical and strategic decisions (e.g., inventory control, assortment planning). The application of these models to real contexts requires several inputs, such as an estimate of the...

The well documented phenomenon of countercyclical prices goes against intuition as basic economic theory predicts a price increase when there is an outward shift in the demand curve. In this research, we provide a consumer heterogeneity based explanation for why the prices of seasonal products...

Consumer response to transitory income shocks is of academic interest in many disciplines. During the 2020 COVID-19 epidemic, the Federal government in the US passed the CARES Act that among other measures provides direct payments to households. In this article we utilize a large database on...