Can the Production Smoothing Model of Inventory Behavior be Saved?
Open Access
- 1 August 1986
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 101 (3) , 431-308
- https://doi.org/10.2307/1885691
Abstract
Introduction, 292. — I. Shortages and price rises, 293. — II. Empirical evidence of a shortage in the engineer-scientist market, 296. — III. The process of adjustment in the market, 297. — IV. A model of dynamic shortages and price rises, 299. — V. Dynamic shortage in the engineer-scientist market, 302. — VI. Alternate definitions of a shortage, 305. — VII. Conclusion, 307.Keywords
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