Production Lags and Price Behaviour.
This paper explores the implications of the production lag for the firm's decisions. The authors establish a significant relationship between price behavior and the length of the production lag. They show that specific results in the literature are crucially dependent upon the assumption about the production lag. By allowing the production time to exceed the decision period, the basic framework of the earlier price-inventory models is significantly extended. The model, thus, incorporates finished-goods inventories as well as goods-in-process inventories. Copyright 1992 by The London School of Economics and Political Science.
Year of publication: |
1992
|
---|---|
Authors: | Lai, Kon S ; Pauly, Peter |
Published in: |
Economica. - London School of Economics (LSE). - Vol. 59.1992, 233, p. 53-62
|
Publisher: |
London School of Economics (LSE) |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Do Gold Market Returns Have Long Memory?
Cheung, Yin-Wong, (1993)
-
A Fractional Cointegration Analysis of Purchasing Power Parity.
Cheung, Yin-Wong, (1993)
-
Finite-Sample Sizes of Johansen's Likelihood Ration Tests for Conintegration.
Cheung, Yin-Wong, (1993)
- More ...