Timing of Seasonal Sales.
Article, Research, Preprint
Journal of Business,
pricing policies | seasonal sales | Business Economics and Industrial Organization | Seasonal sales, clearance sales, pricing policies, competitive pricing | clearance sales | competitive pricing
We present a model of timing of seasonal sales where stores choose several designs at the beginning of the season without knowing wich one, if any, will be fashionable. Fashionable designs have a chance to fetch high prices in fashion markets while non-fashionable ones ...