an important factor that can influence the price of a commodity. In this work, we explore how seasonality affects … component of the price movements using a two-factor model, focusing on the seasonality and on the impact of the financial crisis …

Previous studies have found that price promotions lead to a decrease in the average prices of seasonal goods in high … demand season, countering the predictions of basic supply and demand. I explain this trend by proposing that price …-sensitive consumers are less likely to search in low demand periods, changing consumer composition and decreasing aggregate price …