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CYCLICAL DEMAND AND PRICING BEHAVIOR OF SEASONAL GOODS: A THEORETICAL MODEL

DÖNGÜSEL TALEP VE FİYATLANDIRMA DAVRANIŞI MEVSİMLİK EŞYA:TEORİK MODEL

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Abstract (2. Language): 
By employing implicit function theorem and comparative statistics optimization, this paper presents a mathematical model, which examines how the demand, production and price of seasonal goods behave during periods of peak demand. The model explores that an external factor represent a seasonal cycle, such as temperature level or numbers of holiday days, are positively related to demand of such goods whereas the price of these goods behaves “mildly counter-cyclical” or “sticky” to the extent of perfect competition of the market. As an additional implication of the model, whether the stocking possibilities of these final goods affect on their cyclical pricing behavior is also examined.
Abstract (Original Language): 
Kapalı fonksiyon teoremi ve karşılaştırmalı istatistik optimizasyon yöntemini kullanarak, bu çalışma, mevsimsel mallara talebin en yüksek olduğu dönemlerde bu malların talebinin, üretiminin ve fiyatlarının nasıl bir davranış sergilediğini inceleyen matematiksel bir model sunmaktadır. Model, mevsimsel döngüleri temsil eden sıcaklık, tatil günü sayısı ve benzeri dışsal faktörlerin bu malların talebi ile pozitif ilişkili olduğunu, bu malların fiyatlarının ise piyasanın rekabet derecesi ile doğru oranlı olarak, “az derecede mevsimsel döneme ters” veya “yapışkan” bir davranış sergilediğini ortaya çıkarmaktadır. Modelin ayrı bir göstergesi olarak, stoklama imkanlarının bu malların mevsimsel fiyatlama davranışını etkileyip etkilemediği de incelenmektedir.
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