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 … anticipatory pricing, against the market-clearing assumptions …

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 …

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

We analyze tacit collusion in an industry characterized by cyclical demand and long-run scale decisions; firms face … deterministic demand cycles and choose capacity levels prior to competing in prices. Our focus is on the nature of prices. We find … countercyclical. We also establish pricing patterns with respect to the relative prices in booms and recessions. If the marginal cost …

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 …

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 …

expectations. We find that higher inflation expectations on the part of firms leads them to raise their prices, increase demand for …, demand effects are stronger, leading firms to raise their prices more and no longer reduce their employment …

We estimate the price elasticity of water demand with household-level data, structurally modeling the piecewise …-linear budget constraints imposed by increasing-block pricing. We develop a mathematical expression for the unconditional price … elasticity of demand under increasing-block prices and compare conditional and unconditional elasticities analytically and …