Inventory Behavior in Durable-Goods Manufacturing: The Target-Adjustment Model
نویسندگان
چکیده
منابع مشابه
Equilibrium in a durable goods market with lumpy adjustment
Durable goods are an important component of the business cycle. Equilibrium models of durable goods markets are made difficult by the lumpy nature of individual purchases. We show that a straight forward approximation of the distribution of durable goods holdings gives rise to a tractable equilibrium model. We analyze the case of competition as well as that of a monopoly producer. J.E.L. Classi...
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ژورنال
عنوان ژورنال: Brookings Papers on Economic Activity
سال: 1976
ISSN: 0007-2303
DOI: 10.2307/2534379