Destabilizing Impacts of Price and Quantity Adjustments to Relative Supply and
Language: English
Published by Forgotten Books, 2022
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
US$ 17.42
Quantity: Over 20 available
Add to basketItem description from seller
Print on Demand. This book investigates the impact of price and quantity adjustments to relative supply and demand on the stability of economic processes. The author argues that traditional equilibrium analysis, which assumes that supply and demand imbalances will be quickly corrected, may not accurately reflect real-world economic behavior due to the existence of stock variables such as inventories and order backlogs. The author develops a model of stock management by producers and demonstrates how such policies can generate persistent disequilibrium behavior. The book concludes that equilibrium analysis is a weak and potentially misleading technique, particularly for short-run study, and emphasizes the need for dynamic analysis and realistic portrayal of decision processes of economic agents. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.…
Seller Inventory # 9781330741788_0
- Title
- Destabilizing Impacts of Price and Quantity Adjustments to Relative Supply and
- Author
- Nathaniel J. Mass
- Publisher
- Forgotten Books
- Publication year
- 2022
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1330741781
- ISBN 13
- 9781330741788
- Seller catalogs
- Business
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
"Synopsis" may belong to another edition of this title.
Forgotten Books
London, United Kingdom
AbeBooks seller since June 2, 2021
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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