Equilbrium Adjustment Wth Endogenuos Information and Inventories  

Oleh:

Glick, Reuven ; Wihlborg, Clas

Jenis: Article from Bulletin/Magazine
Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 32 no. 4 (1991), page 869-890.
Topik: equilibrium; equilibrium; adjustment; endogenous information; inventories

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

The paper analyzes the interation of information acquisition and inventory flexibility with industry adjustment to imperfectly perceived cost and demand disturbance. Improved information about disturbances reduces the extent to which disturbances are unperceived and dampens the use of inventories. Reduced inventory flexibility induces firms to devote more resources to acquiring information about disturbances. The analysis demonstrates how equilibrium price and output adjustment depend endogenously on the degree of inventory flexibility and other structural parameters influencing the acquisition of information.

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