Competitive supply of durable goods under stochastic fluctuation in stock | ||
| Iranian Economic Review | ||
| مقاله 1، دوره 4، شماره 4، 2000، صفحه 1-8 اصل مقاله (235.27 K) | ||
| شناسه دیجیتال (DOI): 10.22059/ier.2000.30875 | ||
| چکیده | ||
| 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. | ||
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