Boztuğ, Yasemin; Bell, David R. - Center for Applied Statistics and Econometrics (CASE), … - 2004
purchase incidence with respect to inventory derived from the model is shown to capture these opposing forces in a simple and … increase consumption. Inventory on hand is therefore posited to exert two countervailing forces on the probability of purchase … incidence. First, higher levels of inventory reduce the likelihood of purchase as the consumer feels less pressure to buy. At …