The work discusses a basic proposition in the theory of competition in markets with adverse selection (Bester, 1985 … rationing depends on an assumption of uncontestability of the loan market. If contestability is restored to its proper place …, the separation of borrower by means of sufficient collateral does not impede the emergence of credit rationing, which …

may cause work disincentives. In theory, housing assistance may also do so, but those disincentives may be blunted by its … in-kind character and the way it is rationed. Rationing and selection make the estimation difficult; the most rigorous …

Part (I) and (II) of this paper reconstruct the quantity theory from structural axiomatic foundations. This yields a …

features of simulator of inventory turnover in internet shop were shown. Next proposal of implementation were presented. Also …

affect private sector inventory levels? I develop as a baseline a substitution hypothesis, which predicts that infrastructure … reduces inventory. I also consider competing hypotheses that can explain negative correlation between infrastructure and … inventory. To empirically distinguish these hypotheses, I use data on public firms from 60 countries. The econometric challenge …

also provide empirical evidence for this theory that inventory has a signaling role. The theory could potentially provide a … the market? I consider the example of inventory and fill rates. When the market sees a high-inventory firm, it cannot tell … whether the inventory is due to incompetence or a strategy to enhance fill rate. Firms might decide to signal their competence …

How different are retailers' inventory levels around the world? Specifically, are retailers' inventories constant … contingency - in which country effects can explain inventory differences around the world. I also show that this conclusion is …

We employ a large dataset of physical inventory data on 21 different commodities for the period 1993-2011 to … empirically analyze the behaviour of commodity prices and their volatility as predicted by the theory of storage. We examine two … main issues. First, we explore the relationship between inventory and the shape of the forward curve. Low (high) inventory …