1 option
The Resurgence of Inventory Research: What Have We Learned? / Alan S. Blinder, Louis J. Maccini.
- Format:
- Book
- Author/Creator:
- Blinder, Alan S.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w3408.
- NBER working paper series no. w3408
- Language:
- English
- Subjects (All):
- Inventories--Econometric models.
- Inventories.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- The Resurgence of Inventory Research
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1990.
- Cambridge, Massachusetts : National Bureau of Economic Research, 1990.
- Summary:
- Recent empirical and theoretical research on business inventories is surveyed and critically evaluated. While most inventory research has had macroeconomic motivations, we focus on its microtheoretic basis and on potential conflicts between theory and evidence. The paper asks two principal questions. First, how can inventories, which are allegedly used by firms to stabilize production, nonetheless be a destabilizing factor at the macroeconomic level? Second, why, if firms are following the production-smoothing model, is production more variable than sales in many industries? We suggest that the so-called (S,s) model may help answer both questions.
- Notes:
- Print version record
- August 1990.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.