I examine the behavior of inventories and their role in the short-run dynamics of commodity production and price. Competitive producers of a storable commodity react to price changes by balancing costs of changing production with costs of changing inventory holdings. To determine these costs, I estimate a structural model of production, sales, and storage for copper, heating oil, and lumber. I ...

In recent years, mold manufacturers have had to meet growing demand for high precision molds, low cost and short delivery time due to the miniaturization of finished products, price competition with overseas companies, and reduced model cycles. In line with these market changes, users have been gradually inclined to shift their machining methods applied to key mold parts (made of hardened steel...

This paper uses an adapted version of the linear tracing procedure, suggested by Harsanyi and Selten (1988), in order to discriminate between two types of multiple Nash equilibria. Equilibria of the same type are pay-off equivalent in the analysed multiple-unit unit price auction where two sellers compete in order to serve a fixed demand. The equilibria where the firm with the larger capacity b...

M often employ market response models as decision aids and historical information of competitors’ market outcomes to aid their competitive decisions in oligopolistic settings. However, little is known about how access to a decision aid or the availability of competitors’ market outcomes impact a firm’s competitive decisions (e.g., prices) or market outcomes resulting from those decisions (e.g.,...

The way that companies choose to define market segments influences which products they develop, drives the features incorporated in those products, and shapes how they take them to market. Segmentation schemes define who is framed as competitors; and how large specific market opportunities are believed to be. Most marketers segment their markets along lines defined by the characteristics of the...

We study procurement auctions in which, as is common in practice, a group of sellers (incumbents, qualified bidders) is given an advantage, based, for example, on better reliability, quality, or incumbency status. We show conditions under which for any given first price handicap auction, there is a simple second-price design which dominates it. This generalizes a previous result for the case of...

Timber product markets are subject to large shocks deriving from natural disturbances and policy shifts. Statistical modeling of shocks is often done to assess their economic importance. In this article, I simulate the statistical power of univariate and bivariate methods of shock detection using time series intervention models. Simulations show that bivariate methods are several times more sta...

This research analyses the relationship and relative importance of financial factors on Peruvian mining copper companies´ share prices from 2010 to 2018. Voting common were focused book value, dividend per share, yield, price earnings, earnings roe employed as regressors. Fixed-effects regression was used, tests stationarity, distribution, specification harnessed. It found that yield had a posi...

Due to the complexity and variability of capital construction sites, real-time monitoring remains an elusive goal. As unit price continues to fall, camera networks are becoming increasingly viable sensing modalities. The benefits of combining multiple, overlapping image sources include the ability to produce 3D scene reconstruction as well as localize and track objects. In the construction doma...