Narrow search
Showing 1 - 10 of 647
Cover Image
Disequilibrium Dynamics with Inventories and Anticipatory Price-Setting : Some Impirical Results
Green, Jerry R. - 1980
The basic assumption of this paper is an attempt to be specific about price formation while retaining a fixed-price, quantity-constrained equilibration in the short-run. The second theme of this paper is the role of inventories in macrodynamics a topic of long-recognized importance, but one...
Persistent link: https://www.econbiz.de/10012478692
Cover Image
Inventories, Rational Expectations, and the Business Cycle
Blinder, Alan S. - 1979
The simplest macroeconomic models in which markets clear instantaneously, and expectations are rational preclude the existence of "business cycles," that is, of serially correlated deviations of output from trend. This paper studies one of several mechanisms that can be used to make these...
Persistent link: https://www.econbiz.de/10012478767
Cover Image
Inventories
Ramey, Valerie A. - 1997
We review and interpret recent work on inventories, emphasizing empirical and business cycle aspects. We begin by documenting two empirical regularities about inventories. The first is the well-known one that inventories move procyclically. The second is that inventory movements are quite...
Persistent link: https://www.econbiz.de/10012472499
Cover Image
What Can Stockouts Tell Us About Inflation? Evidence from Online Micro Data
Cavallo, Alberto; Kryvtsov, Oleksiy - National Bureau of Economic Research - 2021
We use a detailed micro dataset on product availability to construct a direct high-frequency measure of consumer product shortages during the 2020-2021 pandemic. We document a widespread multi-fold rise in shortages in nearly all sectors early in the pandemic. Over time, the composition of...
Persistent link: https://www.econbiz.de/10012629429
Cover Image
A Sticky-Price View of Hoarding
Hansman, Christopher - 2020
Hoarding of staples has long worried policymakers due to concerns about shortages. We quantify how sticky store prices---delayed price adjustment to shocks by reputable retailers---exacerbate hoarding. When prices are sticky, households hoard not only for precautionary motives but also...
Persistent link: https://www.econbiz.de/10012482008
Cover Image
Organizational Frictions and Increasing Returns to Automation : Lessons from AT&T in the Twentieth Century
Feigenbaum, James J.; Gross, Daniel P. - National Bureau of Economic Research - 2021
were obstacles: the manual switchboard was the fulcrum of a complex system which had developed around it, and automation … profitable for AT&T in larger markets--hence diffusion expanded as costs declined and service areas grew. We show that automation … supported AT&T's continued growth, generating a positive feedback loop between scale and automation that reinforced AT&T's high …
Persistent link: https://www.econbiz.de/10012794608
Cover Image
Distorted Innovation : Does the Market Get the Direction of Technology Right?
Acemoglu, Daron - National Bureau of Economic Research - 2023
innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings … automation, health care, and energy, and correcting these distortions could have sizable welfare benefits …
Persistent link: https://www.econbiz.de/10014226119
Cover Image
Distorted innovation: does the market get the direction of technology right?
Acemoglu, Daron - 2023
Persistent link: https://www.econbiz.de/10014245524
Cover Image
Knowledge Management, Innovation, and Productivity : A Firm Level Exploration Based on French Manufacturing CIS3 Data
Kremp, Elisabeth - 2004
knowledge acquisition (A), implementing written knowledge management rules (W). The French 1998-2000 Community Innovation Survey …
Persistent link: https://www.econbiz.de/10012468456
Cover Image
Defacto and Deeded Intellectual Property : Knowledge-Driven Co-Evolution of Firm Collaboration Boundaries and IPR Strategy
Zucker, Lynne G. - 2014
Research on intellectual property has focused on formal legally recorded rights that we call deeded, most often measured by granted patents. Meanwhile, other "defacto" IP (mainly purposive secrecy and natural excludability) has become more important because of the increasing closeness of...
Persistent link: https://www.econbiz.de/10012458417