Rational Expectations Equilibrium Inventory (13 results)
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Taschenbuch. Condition: Neu. Druck auf Anfrage Neuware - Printed after ordering - This volume consists of six essays that develop and/or apply 'rational expectations equilibrium inventory models' to study the time series behavior of production, sales, prices, and inventories at the industry level. By 'rational expectations equil…ibrium inventory model' I mean the extension of the inventory model of Holt, Modigliani, Muth, and Simon (1960) to account for: (i) discounting, (ii) infinite horizon planning, (iii) observed and unobserved by the 'econometrician' stochastic shocks in the production, factor adjustment, storage, and backorders management processes of firms, as well as in the demand they face for their products; and (iv) rational expectations. As is well known according to the Holt et al. model firms hold inventories in order to: (a) smooth production, (b) smooth production changes, and (c) avoid stockouts. Following the work of Zabel (1972), Maccini (1976), Reagan (1982), and Reagan and Weitzman (1982), Blinder (1982) laid the foundations of the rational expectations equilibrium inventory model. To the three reasons for holding inventories in the model of Holt et al. was added (d) optimal pricing. Moreover, the popular 'accelerator' or 'partial adjustment' inventory behavior equation of Lovell (1961) received its microfoundations and thus overcame the 'Lucas critique of econometric modelling.
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -This volume consists of six essays that develop and/or apply 'rational expectations equilibrium inventory models' to study the time series behavior of production, sales, prices, and inventories at the industry level. By 'rational ex…pectations equilibrium inventory model' I mean the extension of the inventory model of Holt, Modigliani, Muth, and Simon (1960) to account for: (i) discounting, (ii) infinite horizon planning, (iii) observed and unobserved by the 'econometrician' stochastic shocks in the production, factor adjustment, storage, and backorders management processes of firms, as well as in the demand they face for their products; and (iv) rational expectations. As is well known according to the Holt et al. model firms hold inventories in order to: (a) smooth production, (b) smooth production changes, and (c) avoid stockouts. Following the work of Zabel (1972), Maccini (1976), Reagan (1982), and Reagan and Weitzman (1982), Blinder (1982) laid the foundations of the rational expectations equilibrium inventory model. To the three reasons for holding inventories in the model of Holt et al. was added (d) optimal pricing. Moreover, the popular 'accelerator' or 'partial adjustment' inventory behavior equation of Lovell (1961) received its microfoundations and thus overcame the 'Lucas critique of econometric modelling. 292 pp. Englisch.
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. This volume consists of six essays that develop and/or apply rational expectations equilibrium inventory models to study the time series behavior of production, sales, prices, and inventories at the industry level. By… rational expectations equilibrium in.
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Taschenbuch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -This volume consists of six essays that develop and/or apply 'rational expectations equilibrium inventory models' to study the time series behavior of production, sales, prices, and inventories at the industry level. By 'rational expect…ations equilibrium inventory model' I mean the extension of the inventory model of Holt, Modigliani, Muth, and Simon (1960) to account for: (i) discounting, (ii) infinite horizon planning, (iii) observed and unobserved by the 'econometrician' stochastic shocks in the production, factor adjustment, storage, and backorders management processes of firms, as well as in the demand they face for their products; and (iv) rational expectations. As is well known according to the Holt et al. model firms hold inventories in order to: (a) smooth production, (b) smooth production changes, and (c) avoid stockouts. Following the work of Zabel (1972), Maccini (1976), Reagan (1982), and Reagan and Weitzman (1982), Blinder (1982) laid the foundations of the rational expectations equilibrium inventory model. To the three reasons for holding inventories in the model of Holt et al. was added (d) optimal pricing. Moreover, the popular 'accelerator' or 'partial adjustment' inventory behavior equation of Lovell (1961) received its microfoundations and thus overcame the 'Lucas critique of econometric modelling.Springer-Verlag KG, Sachsenplatz 4-6, 1201 Wien 292 pp. Englisch.
