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dc.contributor.authorDanziger, Leifen
dc.date.accessioned2008-03-27-
dc.date.accessioned2009-07-28T08:30:03Z-
dc.date.available2009-07-28T08:30:03Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/26289-
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. It is shown that 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 increases with the demand elasticity but decreases with the storage cost and the real interest rate.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2244en
dc.subject.jelD21en
dc.subject.jelD24en
dc.subject.jelL23en
dc.subject.ddc330en
dc.subject.keywordmenu costsen
dc.subject.keywordquantity-adjustment costsen
dc.subject.keywordinventoriesen
dc.subject.keywordstockoutsen
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.ppn560492766en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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