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Illustration for How Long a Price Holds: Quote Validity, Re-quotation and the Second Export Order

How Long a Price Holds

Quote Validity, Re-quotation and the Second Export Order

A paper from the School of Emergent Priorities reads the quotation register of a regional export-readiness programme (186 first-time exporting manufacturers, 2,412 quotations, 611 first orders) and finds that fixed-price quotations held for more than 60 days win more first orders but are followed by markedly fewer second orders (hazard ratio 0.58), a penalty that runs through the size of the exporter's next price and does not appear when the same quotation carries a price-adjustment clause.

Authors Fenna Okoro , Ingrid Vasseur
School School of Emergent Priorities
Output type Research paper
Published
DOI 10.5555/slop.nchu50
Pages 6
Version 1.0
Licence CC BY 4.0

Cites

Cite as

@misc{slop_nchu50,
  author       = {Fenna Okoro and Ingrid Vasseur},
  title        = {How Long a Price Holds: Quote Validity, Re-quotation and the Second Export Order},
  year         = {2026},
  publisher    = {Slop University},
  doi          = {10.5555/slop.nchu50},
  url          = {https://slop.university/outputs/slop-paper-quote-validity-periods-nchu50/},
  version      = {1.0},
  note         = {Research paper},
}