Showing 1 - 10 of 8,422
. We show that prices tend to fall during the seasonal demand peak for a product and that changes in retail margins account … retailer pricing and advertising competition. Other models of imperfect competition are less consistent with retailer behavior …
Persistent link: https://www.econbiz.de/10012470748
We present a model that characterizes the relationship between optimal dynamic cash management and the choice of the means of payment. The novel feature of the model is the sequential nature of the payments choice: in each instant the agent can choose to pay with either cash or credit. This...
Persistent link: https://www.econbiz.de/10012457556
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 …
Persistent link: https://www.econbiz.de/10012472499
This paper has two purposes. One is to assess different models of inventory behavior in terms of their ability to well … inventory movements. We find that the basic production level smoothing model of inventories, augmented by buffer stock motives … inventory data …
Persistent link: https://www.econbiz.de/10012474458
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 …
Persistent link: https://www.econbiz.de/10012474501
Reducing systemic liquidity risk related to seasonal swings in loan demand was one reason for the founding of the … extent of banks' ability to mitigate seasonal loan demand variation predict banks' decisions to join the Federal Reserve …
Persistent link: https://www.econbiz.de/10012456985
-rights approach to the theory of the firm, the same force that creates product cycles, i.e., incomplete contracts, opens the door to a …
Persistent link: https://www.econbiz.de/10012468752
Pigouvian taxes can fully correct for market failures due to externalities, but actual policies are commonly forced to deviate from the Pigouvian ideal due to administrative or political constraints. This paper derives sufficient statistics, which require a minimum of market information, that...
Persistent link: https://www.econbiz.de/10012456611
commercialization with the startup. While the prevailing theory of disruptive innovation suggests that this will lead to (exclusively …
Persistent link: https://www.econbiz.de/10012458899
Understanding the economic lifecycle -- how it varies and why -- is important in its own right, but is also critical to understanding how changes in population age structure influence many features of the macroeconomy. Economic behavior over the life cycle can be summarized by the average levels...
Persistent link: https://www.econbiz.de/10012466286