Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/17856 
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dc.contributor.authorDanziger, Leifen
dc.date.accessioned2009-01-28T14:59:56Z-
dc.date.available2009-01-28T14:59:56Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1340en
dc.subject.jelD24en
dc.subject.jelD21en
dc.subject.jelL23en
dc.subject.ddc330en
dc.subject.keywordMenu costsen
dc.subject.keywordQuantity-adjustment costsen
dc.subject.keywordInventoriesen
dc.subject.keywordOutputen
dc.subject.keywordInflationen
dc.subject.stwProduktionen
dc.subject.stwBetriebliche Lagerhaltungen
dc.subject.stwAnpassungskostenen
dc.subject.stwInflationen
dc.subject.stwTheorieen
dc.titleAdjustment Costs, Inventories and Output-
dc.typeWorking Paperen
dc.identifier.ppn534876153en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1340en

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