Strategic Inventories and the Excess Volatility of Production (Classic Reprint) - Hardcover

Julio J. Rotemberg

Hardcover

ISBN 10: 0484636812 ISBN 13: 9780484636810

Publisher: Forgotten Books, 2018

Synopsis

Explore how inventories shape competition and produce volatility in booms.

This book examines why firms may stockpile and how this affects prices, capacity, and the incentives to deviate from cooperative behavior in oligopolies. It also connects these ideas to wider questions about production fluctuations and the visible roll of peacetime policy decisions.

• Learn how inventories can deter or provoke deviations in a duopoly.
• See how the choice between inventories and capacity interacts with demand shifts and price strategies.
• Understand how observability of overproduction can influence equilibrium levels and firm welfare.
• Discover why demand changes can increase or decrease inventories, shaping overall business cycles.

Ideal for readers of macroeconomics and industrial organization who want a clear, model-based look at the role of inventories in strategic behavior and business cycle dynamics.

Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 0484636812
• ISBN 13: 9780484636810
• Binding: Hardcover
• Number of pages: 55