1989 | OriginalPaper | Chapter
The Linear Rational Expectations Equilibrium Inventory Model: An Introduction
Author : Tryphon Kollintzas
Published in: The Rational Expectations Equilibrium Inventory Model
Publisher: Springer US
Included in: Professional Book Archive
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This paper intends to serve as an introduction to the other papers in this volume. It develops a linear rational expectations equilibrium version of the Holt et al (1960) inventory model. The necessary conditions and the sufficient conditions for a solution are derived and the stability, cycling, and comparative dynamics properties of the solution are investigated.