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dc.contributor.authorDanziger, Leifen_US
dc.date.accessioned2009-01-28T14:59:56Z-
dc.date.available2009-01-28T14:59:56Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/17856-
dc.description.abstractThis paper analyzes the optimal adjustment strategy of an inventory-holding firm facing price- and quantity-adjustment costs in an inflationary environment. The model nests both the original menu-cost model that allows production to be costlessly adjusted, and the later model that includes price- and quantity-adjustment costs, but rules out inventory holdings. The firm?s optimal adjustment strategy may involve stockouts. At low inflation rates, output is inversely related to the inflation rate, and the length of time demand is satisfied decreases with the absolute value of the demand elasticity, the storage cost, and the real interest rate.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKieler Arbeitspapiere 1340en_US
dc.subject.jelD24en_US
dc.subject.jelD21en_US
dc.subject.jelL23en_US
dc.subject.ddc330en_US
dc.subject.keywordMenu costsen_US
dc.subject.keywordQuantity-adjustment costsen_US
dc.subject.keywordInventoriesen_US
dc.subject.keywordOutputen_US
dc.subject.keywordInflationen_US
dc.subject.stwProduktionen_US
dc.subject.stwBetriebliche Lagerhaltungen_US
dc.subject.stwAnpassungskostenen_US
dc.subject.stwInflationen_US
dc.subject.stwTheorieen_US
dc.titleAdjustment Costs, Inventories and Outputen_US
dc.typeWorking Paperen_US
dc.identifier.ppn534876153en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Kieler Arbeitspapiere, IfW
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