Showing 1 - 10 of 71
We develop a model of household demand for frequently purchased consumer goods that are branded, storable and subject to stochastic price fluctuations. Our framework accounts for how inventories and expectations of future prices affect current period purchase decisions. We estimate our model...
Persistent link: https://www.econbiz.de/10011257829
This two-part working paper series represents a distillation of practical approaches with regard to the successful management of so-called “legacy assets” which include both impaired as well as non-performing loans, particularly in those in the real estate and property sectors. This two-part...
Persistent link: https://www.econbiz.de/10011265335
Part (I) and (II) of this paper reconstruct the quantity theory from structural axiomatic foundations. This yields a coherent view of the interrelations of quantity of money, transaction money, saving–dissaving, liquidity–illiquidity, rates of interest, leverage, allocation, prices, profits,...
Persistent link: https://www.econbiz.de/10009220679
features of simulator of inventory turnover in internet shop were shown. Next proposal of implementation were presented. Also …
Persistent link: https://www.econbiz.de/10009372627
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 …
Persistent link: https://www.econbiz.de/10005836348
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 … to the market by carrying less inventory. I show conditions for separating and pooling perfect Bayesian equilibria. I …
Persistent link: https://www.econbiz.de/10005836353
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 …
Persistent link: https://www.econbiz.de/10005619843
We employ a large dataset of physical inventory data on 21 different commodities for the period 1993-2011 to … main issues. First, we explore the relationship between inventory and the shape of the forward curve. Low (high) inventory … price volatility is a decreasing function of inventory for the majority of commodities in our sample. This effect is more …
Persistent link: https://www.econbiz.de/10011111409
,R) inventory model with non-negative reorder point and fixed lead-time. Backorders are allowed and the unit shortage cost is used … uncertainty measured by the coefficient of variation the optimal inventory policies lead to excessively large orders and zero …
Persistent link: https://www.econbiz.de/10011112632
How does the stock market affect inventory decisions? The efficient markets view is that low stock price means poor … fundamentals, a higher cost of capital, and lower inventory. Normatively, firms should obtain their cost of capital from an …' inventory as much as its fundamentals component. I further test three possibilities for how the behavioral component works. The …
Persistent link: https://www.econbiz.de/10005790258