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. We extend the model to discuss price stabilization policies, injection and release costs, and limited storage capacity …
Persistent link: https://www.econbiz.de/10008596364
. We extend the model to discuss price stabilization policies, injection and release costs, and limited storage capacity …
Persistent link: https://www.econbiz.de/10005836107
In the classical theory of monotone equimeasurable rearrangements of functions, “equimeasurability” (i.e. the fact the two functions have the same distribution) is defined relative to a given additive probability measure. These rearrangement tools have been successfully used in many problems...
Persistent link: https://www.econbiz.de/10011259995
oligopolywith capacity-constrained firms.Under two popular definitions of the uniform price, when each firm sets a price … corresponding discriminatory auction. Moreover, capacity withholding may be necessary to sustain this outcome. Even when firms may … collusion is attained with simple price-quantity strategies exhibiting capacity withholding. …
Persistent link: https://www.econbiz.de/10009650691
consider the situation of asymmetric information where the private information belongs to the entrant. We model the capacity … underlying parameters the entrant fully utilizes his capacity while for other parameter values he builds excess capacity. The …
Persistent link: https://www.econbiz.de/10005105914
dramatic changes in capacity and pricing have followed in their wake. Catastrophic risks must be addressed with innovative …
Persistent link: https://www.econbiz.de/10005619352
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
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
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