Title: Destabilizing Impacts of Price and Quantity Adjustments to Relative Supply and Demand Classic Reprint
Publisher: Forgotten Books
Publication Date: 2018
Language: English
ISBN 10: 1330741781
ISBN 13: 9781330741788
Binding: PAP
Condition: New
Weight: 132 grams

About this title

Synopsis

Destabilizing the assumption of smooth markets: understand how price and quantity adjustments can sustain cycles and disequilibrium.

This non-fiction study examines how real firms manage stocks like inventories and backlogs, and how those stock dynamics can keep markets away from simple, knee-jerk equilibrium. It argues that traditional equilibrium analysis may miss the persistent fluctuations seen in production and pricing when delays and stock‑level decisions are included. The book blends theoretical modeling with computer simulations to illustrate how price feedbacks and stock management shape business cycles.

How inventories and backlogs influence production decisions and the path toward or away from balance
Why purely price- or quantity-driven models can miss sustained oscillations in the real world
How feedbacks between price, delivery delay, and order rates can destabilize output and profits
What this means for interpreting economic policy and for teaching dynamic analysis in economics

Ideal for readers of economics, policy makers, and students seeking a clearer picture of how stock variables affect market dynamics.

"About this title" may belong to another edition of this title.

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