as it depends on initial inventory stocks and on the random disturbances within the period. Section 4 presents, for …, we use these results to present the dynamics of inventory behavior and the statistical relationships between real wages …

second is that inventory movements are quite persistent, even conditional on sales. To consider explanations for the two … demand for the good in question, and that marginal production cost slopes up. The first explanation assumes as well that …, or some third, alternative provides a satisfactory explanation of inventory behavior. We suggest several directions for …

the gradual adjustment of inventory stocks. Two microeconomic models of inventory holdings are formulated. Both imply …

for the countercyclical inventory-to-sales ratio in the data. Stronger real rigidities lower the cost of acquiring and … holding inventories during booms and counterfactually predict a procyclical inventory-to-sales ratio …

informed by economic theory, we simultaneously estimate a demand system and price-cost margins for products differentiated in …We demonstrate how to estimate a model of product demand and oligopoly pricing when products are multi …

Econometric aspects of recent research on inventory models are surveyed. The discussion emphasizes issues relevant to … instrumental variables estimation of a first order condition of the Holt et al. (1960) linear quadratic inventory model, including … paper also briefly discusses estimation of a decision rule implied by the model, and, finally, the impliations for inventory …

new automobiles in which inventory and pricing decisions are made simultaneously. On the demand side, we use micro …-level data to estimate time-varying aggregate demand curves for each vehicle. On the supply side, we solve a dynamic programming … under a build-to-stock inventory policy imply declining prices and hump-shaped sales and inventories of the magnitudes …

effects arise involves a misperception by rational maximizing firms of the true demand that they will face after having set … optimal response of inventory-holding firms rather than ad hoc price dynamics …

We estimate the price elasticity of water demand with household-level data, structurally modeling the piecewise … elasticity of demand under increasing-block prices and compare conditional and unconditional elasticities analytically and …

We analyze tacit collusion in an industry characterized by cyclical demand and long-run scale decisions; firms face … deterministic demand cycles and choose capacity levels prior to competing in prices. Our focus is on the nature of prices. We find … of capacity is high enough, holding current demand constant, prices in the boom will be generally lower than the prices …