We develop a structural demand model that endogenously captures the effect of out-of-stocks on customer choice by simulating a time-varying set of available alternatives. Our estimation method uses store-level data on sales and partial information on product availability. Our model allows for...

We study the aggregate implications of (S,s) inventory policies in a dynamic general equilibrium model with aggregate uncertainty. Firms in the model's retail sector face idiosyncratic demand risk, and (S,s) inventory policies are optimal because of fixed order costs. The distribution of...

The Shelf Project is a collaboration of Tax Professionals to propose ways to raise U.S. federal revenue without a rate increase or a VAT. Shelf Projects improve the efficiency and fairness of the tax while raising revenue. The inventory breaks down the 66 Shelf Projects completed as of May 2012...