Production Lags and Price Behaviour
Bibliographic Data
| ID | 9725750 |
|---|---|
| Authors | Kon S Lai, Peter Pauly |
| Year | 1992 |
| Volume | 59 |
| Issue | 233 |
| Pages | 53 |
| Publication date | 1992-02-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2555065 |
| OpenAlex | W2034342360 |
| Language | EN |
| References cited | 2 |
This paper explores the implications of the production lag for the firm's decisions. The authors establish a significant relationship between price behavior and the length of the production lag. They show that specific results in the literature are crucially dependent upon the assumption about the production lag. By allowing the production time to exceed the decision period, the basic framework of the earlier price-inventory models is significantly extended. The model, thus, incorporates finished-goods inventories as well as goods-in-process inventories. Copyright 1992 by The London School of Economics and Political Science
Econometrics · Economics · Microeconomics · Monetary economics · Production (economics) · Global trade and economics · Market Dynamics and Volatility · Monetary Policy and Economic Impact
| Highly cited | No |
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