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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
when demand volatility is high. It also provides conditions under which the intermediary handling inventory is located in …
Persistent link: https://www.econbiz.de/10010496944
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
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
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
demand. In this paper, we develop and apply a finite mixture bivariate probit model to analyze whether there are …
Persistent link: https://www.econbiz.de/10010212657
economic theory prescribes that the advertising volume can be optimally reduced by levying a tax on ads. However, making use of … recent advances in the theory of Industrial Organization and two-sided markets we show that taxing ads may be … ; media market ; pricing strategy ; ad-tax …
Persistent link: https://www.econbiz.de/10003820002
I conducted with purchasing managers, I develop a model in which a buyer-seller pair subject to persistent, stochastic …
Persistent link: https://www.econbiz.de/10011569630