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When do inventories destabilize the economy? : An analytical approach to (S,s) policies

Wang, Pengfei; Wen, Yi; Xu, Zhiwei - 2011

Conventional wisdom has it that inventory investment destabilizes the economy be-cause it is procyclical to sales. Khan and Thomas (2007) show that the conventional wisdom is wrong in a general equilibrium (S,s) model with capital. We argue that their finding is not robust - the conventional...

Persistent link: https://www.econbiz.de/10009008699

Explicit solution of inventory problems with delivery lags

Bar-Ilan, Avner; Sulem, Agnès - 1991

Persistent link: https://www.econbiz.de/10000910119

The day after tomorrow: mitigation and adaptation policies to deal with uncertainty

Bazzana, Davide; Menoncin, Francesco; Vergalli, Sergio - 2021

The catastrophic events are characterized by "low frequency and high severity". Nevertheless, during the last decades, both the frequency and the magnitude of these events have been significantly rising worldwide. In 2021, the European Commission adopted a new Strategy on Adaptation to Climate...

Persistent link: https://www.econbiz.de/10012609390

The rise and fall of the Great Fish Pact under endogenous risk of stock collapse

Walker, Adam N.; Weikard, Hans-Peter; Richter, Andries - 2015

Risk of stock collapse is a genuine motivation for cooperative fisheries management. We analyse the effect of an … endogenously determined risk of stock collapse on the incentives to cooperate in a Great Fish War model. We establish that … offset the increased benefits from cooperation due to the presence of endogenous risk and the Great Fish Pact returns to …

Persistent link: https://www.econbiz.de/10011287058

Paths to stability in two-sided matching with uncertainty

Lazarova, Emiliya A.; Dimitrov, Dinko - 2013

We consider one-to-one matching problems under two modalities of uncertainty that differ in the way types are assigned to agents. Individuals have preferences over the possible types of the agents from the opposite market side and initially know the "name" but not the "type" of the other...

Persistent link: https://www.econbiz.de/10009702237