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We analyze the effects of better algorithmic demand forecasting on collusive profits. We show that the comparative …
Persistent link: https://www.econbiz.de/10013093034
to a manufacturer increases the value of a supply chain especially for goods whose demand is highly volatile. This is …
Persistent link: https://www.econbiz.de/10011742575
Firms adjust to differences in market size and demand uncertainty by changing the frequency and size of their export … shipments. In our inventory model, transportation costs and optimal shipment frequency are determined on the basis of demand as …
Persistent link: https://www.econbiz.de/10010338670
It is widely understood that the real price of globally traded commodities is determined by the forces of demand and … supply. One of the main determinants of the real price of commodities is shifts in the demand for commodities associated with …
Persistent link: https://www.econbiz.de/10011754229
inventories react strongly and positively to news about future increases in total factor productivity. Theory suggests that the …
Persistent link: https://www.econbiz.de/10012119865
We identify total factor productivity (TFP) news shocks using standard VAR methodology and document a new stylized fact: in response to news about future increases in TFP, inventories rise and comove positively with other major macroeconomic aggregates. We show that the standard theoretical...
Persistent link: https://www.econbiz.de/10012213178
This paper analyzes dynamic cartel formation and antitrust enforcement when firms operate in demand-related markets. We … enforcement. -- cartel formation ; demand linkage ; antitrust enforcement …
Persistent link: https://www.econbiz.de/10003850139
Persistent link: https://www.econbiz.de/10003379801
demand for medical care. It considers the insurance demand of different types of agents: naive individuals, individuals who … are able to commit to medical care demand and sophisticated individuals. Furthermore, it raises the question of whether …
Persistent link: https://www.econbiz.de/10003300915
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 …
Persistent link: https://www.econbiz.de/10010354159