http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
Rational Expectations Equilibrium Inventory Model
This volume contains 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. This is an extension of the inventory model of Holt, Modigliani, Muth and Simon (1960) to account for discounting, infinite horizon planning, observed and unobserved 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 rational expectations. This volume should be primarily of interest to researchers in business cycle phenomena and applied industrial organization. However, it should also be useful to students in applied dynamic economics and econometrics in general.
The Linear Rational Expectations Equilibrium Inventory Model: An Introduction -- Inventories and Price Fluctuations under Perfect Competition and Monopoly -- Temporal Aggregation and the Stock Adjustment Model of Inventories -- A Linear Rational Expectations Equilibrium Model for the American Petroleum Industry -- Seasonality, Cost Shocks, and the Production Smoothing Model of Inventories -- Order Backlogs and Production Smoothing.
Lecture notes in economics and mathematical systems ; 322