The paper shows that taking inventory control out of the hands of competitive or exclusive retailers and assigning it … to a manufacturer increases the value of a supply chain especially for goods whose demand is highly volatile. This is … because doing so solves incentive distortions that arise when retailers have to allocate inventory across sales periods, and …

when demand volatility is high. It also provides conditions under which the intermediary handling inventory is located in …The paper develops a simple theoretical model of inventory control in global supply chains. It identifies a role for … intermediaries in managing inventory, and shows that inserting an intermediary as an additional link in a supply chain is profitable …

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers’ perceived utility losses from price increases are weighted more heavily than the perceived utility … depends on the consumers’ rational price expectations from the recent past. By implication, demand responses are more elastic …

This paper analyzes the optimal adjustment strategy of an inventory-holding firm facing price- and quantity … costlessly adjusted, and the later model that includes price- and quantity-adjustment costs, but rules out inventory holdings. It … related to the inflation rate, and the length of time demand is satisfied increases with the demand elasticity but decreases …

the viewers' equilibrium demand for high quality content. We find that, although consumers dislike advertisements, an …

and labour and its relation to derived demand. The resulting formula has proven very useful in understanding the derived … demand for productive factors, the distribution of factor incomes, and Marshall's Four Rules. This short paper notes that a …

shipments. In our inventory model, transportation costs and optimal shipment frequency are determined on the basis of demand as …Firms adjust to differences in market size and demand uncertainty by changing the frequency and size of their export … well as inventory and per shipments costs. Using a cross section of monthly firm-product-destination level French export …

In this paper we explore the role that demand uncertainty plays for the offshoring decision, and the role that … demand. The presence of a cost of firing or hiring as in Bagliano & Bertola (2004) generates an intertemporal element to a …

In this paper we conduct a counterfactual analysis and estimate the quantitative importance of demand and supply … isolate the impact of capital-skill complementarity (i.e., demand effects) and varying skill-specific labor supply (i …

, and the demand for private and public child care are simultaneously endogenized and intertemporally determined. We …