This paper analyzes the stochastic inventory control problem when the demand distribution is not known. In contrast to … previous Bayesian inventory models, this paper adopts a non-parametric Bayesian approach in which the firm’s prior information … information about demand and it permits the accommodation of fixed order costs. As information on the demand distribution …

open-end funds are priced. Alternative pricing rules (known as swing pricing) adjust funds' net asset values to pass on …, we show that swing pricing eliminates the first-mover advantage arising from the traditional pricing rule and … significantly reduces redemptions during stress periods. The positive impact of alternative pricing rules on fund flows reverses in …

with firms setting pricing policies instead of price levels. In response to permanent or highly persistent monetary policy … shocks mostly through a change in the long-run or inflation updating component of their pricing policies. With staggered … pricing policies there is a time lag before this is reflected in aggregate inflation …

This paper investigates the consequences of pricing to market for exchange rate pass-through and real exchange rate … destination-specific adjustment compared to intersectoral trade. With both trade patterns, pricing-to-market behavior intensifies …

fluctuations due to product quality. Our model shows that the elasticity of demand perceived by exporters decreases with a real … depreciation and with quality, leading to more pricing-to-market and to a smaller response of export volumes to a real depreciation … for higher quality goods. We test the proposed theory using a highly disaggregated Argentinean firm-level wine export …