as it depends on initial inventory stocks and on the random disturbances within the period. Section 4 presents, for …, we use these results to present the dynamics of inventory behavior and the statistical relationships between real wages …

the gradual adjustment of inventory stocks. Two microeconomic models of inventory holdings are formulated. Both imply …

second is that inventory movements are quite persistent, even conditional on sales. To consider explanations for the two … demand for the good in question, and that marginal production cost slopes up. The first explanation assumes as well that …, or some third, alternative provides a satisfactory explanation of inventory behavior. We suggest several directions for …

for the countercyclical inventory-to-sales ratio in the data. Stronger real rigidities lower the cost of acquiring and … holding inventories during booms and counterfactually predict a procyclical inventory-to-sales ratio …

From its inception, demand estimation has faced the problem of "many prices." This paper provides estimators of average … demand and associated bounds on exact consumer surplus when there are many prices in cross-section or panel data. For cross … "zeros problem" of demand. For panel data we provide bias corrected, ridge regularized estimators of average coefficients and …

informed by economic theory, we simultaneously estimate a demand system and price-cost margins for products differentiated in …We demonstrate how to estimate a model of product demand and oligopoly pricing when products are multi …

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 … paper also briefly discusses estimation of a decision rule implied by the model, and, finally, the impliations for inventory …

new automobiles in which inventory and pricing decisions are made simultaneously. On the demand side, we use micro …-level data to estimate time-varying aggregate demand curves for each vehicle. On the supply side, we solve a dynamic programming … under a build-to-stock inventory policy imply declining prices and hump-shaped sales and inventories of the magnitudes …

effects arise involves a misperception by rational maximizing firms of the true demand that they will face after having set … optimal response of inventory-holding firms rather than ad hoc price dynamics …

The adoption of artificial intelligence (AI) prediction of demand by a monopolist firm is examined. It is shown that …, in the absence of AI prediction, firms face complex trade-offs in setting price and quantity ahead of demand that impact …