کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5099816 | 1377036 | 2006 | 24 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Inventories, market structure, and price volatility
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موضوعات مرتبط
مهندسی و علوم پایه
ریاضیات
کنترل و بهینه سازی
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چکیده انگلیسی
The effect of inventories on the level and volatility of price is analyzed under alternative market structures. In a fairly general setting, it is shown that inventories have no effect on the average level of prices in a Cournot duopoly in the absence of depreciation. The effect of storage on price volatility is analyzed in a more restrictive, linear-quadratic setting in which it is found that imperfectly competitive producers make less use of inventories for smoothing random fluctuations than is efficient. The effect of market structure on price volatility depends on whether demand shocks or cost shocks are more important.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 30, Issue 7, July 2006, Pages 1081-1104
Journal: Journal of Economic Dynamics and Control - Volume 30, Issue 7, July 2006, Pages 1081-1104
نویسندگان
Henry Thille,