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Disequilibrium Dynamics with Inventories and Anticipatory Price-Setting : Some Impirical Results
Green, Jerry R. - 1980
anticipatory pricing, against the market-clearing assumptions …
Persistent link: https://www.econbiz.de/10012478692
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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
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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
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Inventories, Markups, and Real Rigidities in Menu Cost Models
Kryvtsov, Oleksiy - 2009
Real rigidities that limit the responsiveness of real marginal cost to output are a key ingredient of sticky price models necessary to account for the dynamics of output and inflation. We argue here, in the spirit of Bils and Kahn (2000), that the behavior of marginal cost over the cycle is...
Persistent link: https://www.econbiz.de/10012463998
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Paralyzed by Fear : Rigid and Discrete Pricing under Demand Uncertainty
Ilut, Cosmin L. - 2016
certain robust empirical facts from micro price datasets. We propose a new, parsimonious theory of price rigidity, built … the prices of its direct competitors, and the resulting robust pricing decision makes our rigidity nominal in nature …
Persistent link: https://www.econbiz.de/10012456187
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Inventory Models
West, Kenneth D. - 1993
Econometric aspects of recent research on inventory models are surveyed. The discussion emphasizes issues relevant to instrumental variables estimation of a first order condition of the Holt et al. (1960) linear quadratic inventory model, including choice of instruments, covariance matrix...
Persistent link: https://www.econbiz.de/10012474501
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Sticky Prices, Coordination and Collusion
Driscoll, John C. - 1999
New Keynesian models of price setting under monopolistic competition involve two kinds of inefficiency: the price level is too high because firms ignore an aggregate demand externality, and when there are costs of changing prices, price stickiness may be an equilibrium response to changes in...
Persistent link: https://www.econbiz.de/10012471622
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Price Cutting and Business Stealing in Imperfect Cartels
Bernheim, B. Douglas - 2014
it is detected. We propose a theory of "equilibrium price cutting and business stealing" in cartels to bridge this gap … between theory and observation …
Persistent link: https://www.econbiz.de/10012458671
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Prices, Production and Inventories over the Automotive Model Year
Copeland, Adam - 2005
This paper studies the within-model-year pricing and production of new automobiles. Using new monthly data on U … new automobiles in which inventory and pricing decisions are made simultaneously. On the demand side, we use micro … consequently sell multiple vintages of the same product simultaneously. The profit maximizing pricing and production strategies …
Persistent link: https://www.econbiz.de/10012467428
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Optimal Price and Inventory Adjustment in an Open-Economy Model of the Business Cycle
Flood, Robert P. - 1983
This paper develops an open-economy macroeconomic model which can be used to interpret the observed fluctuations in output, inventories,prices,and exchange rates in the medium-sized economies of the world. The model is consistent with the major empirical regularities that have been discovered in...
Persistent link: https://www.econbiz.de/10012478013