Asymmetries in price and quantity adjustments by the competitive firm

DOI10.1016/0022-0531(82)90037-0zbMath0485.90011OpenAlexW2092508606MaRDI QIDQ1164526

Patricia B. Reagan, Martin L. Weitzman

Publication date: 1982

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(82)90037-0

zbMATH Keywords

theory of the firmuncertain demandmicroeconomicsrandom pricesprice adjustmentprofit maximizing behaviorcompetitive industrydynamic competitive firmquantity adjustmentsstochastic equilibrium model

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62)

Related Items (1)

Optimal inventories and equilibrium price behavior

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