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Disequilibrium Dynamics with Inventories and Anticipatory Price-Setting : Some Impirical Results

Green, Jerry R. - 1980

The basic assumption of this paper is an attempt to be specific about price formation while retaining a fixed-price, quantity-constrained equilibration in the short-run. The second theme of this paper is the role of inventories in macrodynamics a topic of long-recognized importance, but one...

Persistent link: https://www.econbiz.de/10012478692

Inventories, Rational Expectations, and the Business Cycle

Blinder, Alan S. - 1979

The simplest macroeconomic models in which markets clear instantaneously, and expectations are rational preclude the existence of "business cycles," that is, of serially correlated deviations of output from trend. This paper studies one of several mechanisms that can be used to make these...

Persistent link: https://www.econbiz.de/10012478767

Inventories

Ramey, Valerie A. - 1997

We review and interpret recent work on inventories, emphasizing empirical and business cycle aspects. We begin by documenting two empirical regularities about inventories. The first is the well-known one that inventories move procyclically. The second is that inventory movements are quite...

Persistent link: https://www.econbiz.de/10012472499

What Inventory Behavior Tells Us About Business Cycles

Bils, Mark - 1999

Manufacturers' finished goods inventories move less than shipments over the business cycle. We argue that this requires marginal cost to be more procyclical than is conventionally measured. We construct, for six manufacturing industries, alternative measures of marginal cost that attribute...

Persistent link: https://www.econbiz.de/10012471474

Organizational Capacity and Profit Shifting

Bilicka, Katarzyna A.; Scur, Daniela - National Bureau of Economic Research - 2021

This paper analyses the effect of a firm's organizational capacity on the reported profitability of multinational enterprises (MNEs). Better organizational practices improve productivity and the potential taxable profits of firms. However, higher adoption of these practices may also enable more...

Persistent link: https://www.econbiz.de/10012629445

Expandability, Reversibility, and Optimal Capacity Choice

Dixit, Avinash K. - 1998

We develop continuous-time models of capacity choice when demand fluctuates stochastically, and the firm's opportunities to expand or contract are limited. Specifically consider costs of investing or disinvesting that vary with time, or with the amount of capacity already installed. The firm's...

Persistent link: https://www.econbiz.de/10012472445

Notes on the Economics of Energy Storage

Heal, Geoffrey - 2016

The increasing importance of intermittent renewable energy sources suggests a growing importance for energy storage as a way of smoothing the variable output. In this paper I investigate factors affecting the amount of energy storage needed, including the degree of intermittency and the...

Persistent link: https://www.econbiz.de/10012455928

The Economics of Residential Solid Waste Management

Kinnaman, Thomas C. - 1999

This paper provides a broad overview of recent trends in solid waste and recycling, related public policy issues, and … the economics literature devoted to these topics. Public attention to solid waste and recycling has increased dramatically … makers choose the efficient mix of policy levers to regulate solid waste and recycling activities. Economists have also …

Persistent link: https://www.econbiz.de/10012471458

Garbage and Recycling in Communities with Curbside Recycling and Unit-Based Pricing

Kinnaman, Thomas C. - 1997

This paper estimates the impact of a user fee and a curbside recycling program on garbage and recycling amounts … policies and the levels of garbage and recycling collected in the community. A simple sequential model of local policymaking is … cross-section of towns without user fees but with and without curbside recycling programs. The combined data set is larger …

Persistent link: https://www.econbiz.de/10012472797

Policies for Green Design

Fullerton, Don - 1996

We analyze alternative policies such as a disposal content fee, a subsidy for recyclable designs, unit pricing of household disposal, a deposit-refund system, and a manufacturer `take-back' requirement. In order to identify the problem being addressed, we build a simple general equilibrium model...

Persistent link: https://www.econbiz.de/10012473254