Competitive supply of durable goods under stochastic fluctuation in stock
Publish place: Iranian Economic Review Journal، Vol: 4، Issue: 4
Publish Year: 1379
نوع سند: مقاله ژورنالی
زبان: English
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شناسه ملی سند علمی:
JR_IER-4-4_001
تاریخ نمایه سازی: 21 مهر 1402
Abstract:
This paper presents a theoretical model in which the stock growth rate of durable goods has stochastic fluctuation over time. It concludes that a social planner increases the expected percentage rate of production since uncertainty increases the user cost from consumer’s point view.