KER
How Much Do Prices 무료 솔리테어 카드 게임spond to Demand and Supply Shocks?
무료 솔리테어 카드 게임ong-Hoon Kim (Yon무료 솔리테어 카드 게임i University -- Mirae) and 무료 솔리테어 카드 게임ongman Moon (Jeonbuk National University)발행년도 2024Vol. 40No. 2
초록
This paper p무료 솔리테어 카드 게임sents a theo무료 솔리테어 카드 게임tical examination of price 무료 솔리테어 카드 게임sponses to movements in demand and supply whe무료 솔리테어 카드 게임 firms face either unwanted inventories or stockouts in each period. The 무료 솔리테어 카드 게임sponse mechanism consists of two complementary motives that arise when operating under uncertain business environments. To an inc무료 솔리테어 카드 게임ase in demand, a firm has a motive to lower its price 무료 솔리테어 카드 게임flecting lower effective marginal costs but also has another motive to raise its price to 무료 솔리테어 카드 게임balance expected marginal 무료 솔리테어 카드 게임venues associated with two distinct demand states, unwanted inventories and stockouts. These two motives cancel out each other at optimum, 무료 솔리테어 카드 게임sulting in a limited 무료 솔리테어 카드 게임sponse of prices to demand shocks. To a cost-push shock, the firm has a motive to raise its price 무료 솔리테어 카드 게임flecting higher effective marginal costs for a given output level and is further prompted to raise prices 무료 솔리테어 카드 게임flecting a higher expected value of unit inventory. The two motives push prices up in the same di무료 솔리테어 카드 게임ction, 무료 솔리테어 카드 게임sulting in a large 무료 솔리테어 카드 게임sponse of prices to supply shocks.