Shipment frequency of exporters and demand uncertainty: An inventory management approach : CEPR discussion paper DP 11013, London, Centre for Economic Policy Research. http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=11013
Fiche du document
15 décembre 2015
- handle: 10670/1.u7hi7t
- hal: hal-01315615
Mots-clés
firms frequency of trade gravity inventory model transport costs D - Microeconomics/D.D4 - Market Structure, Pricing, and Design/D.D4.D40 - General F - International Economics/F.F1 - Trade/F.F1.F14 - Empirical Studies of Trade R - Urban, Rural, Regional, Real Estate, and Transportation Economics/R.R4 - Transportation Economics/R.R4.R41 - Transportation: Demand, Supply, and Congestion • Travel Time • Safety and Accidents • Transportation NoiseSujets proches
Transportation industry Transport Transportation companies Transportation--Economic aspects Transportation, Primitive Public transportation Inventory management Control, Inventory Stock controlCiter ce document
Gabor Békés et al., « Shipment frequency of exporters and demand uncertainty: An inventory management approach : CEPR discussion paper DP 11013, London, Centre for Economic Policy Research. http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=11013 », HAL-SHS : économie et finance, ID : 10670/1.u7hi7t
Métriques
Partage / Export
Résumé
This paper studies how exporting firms optimize their inventory management in order to adapt to the uncertainty stemming from demand volatility. We motivate our analysis with a stochastic inventory management framework. We use monthly micro data on French exporters and find that greater uncertainty is associated with lower sales volume. We decompose this effect to its two margins, the number of shipments and average shipment size to find that the number of shipments decreases more quickly as uncertainty increases which is in line with firms adjusting their inventory policy as well as their exported volume as a result of increased uncertainty. Also, uncertainty was found to matter more at distant markets where the uncertainty between firm actions and the arrival of the products is the largest.