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Inventory Investment and Capital Market Imperfections: a Generalization ofthe Linear Quadratic Inventory Model

✍ Scribed by Alessandra Guariglia


Book ID
108554638
Publisher
John Wiley and Sons
Year
2000
Tongue
English
Weight
222 KB
Volume
62
Category
Article
ISSN
0140-5543

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A re-interpretation of the linear quadra
✍ Anindya Banerjee; Paul Mizen 📂 Article 📅 2006 🏛 John Wiley and Sons 🌐 English ⚖ 199 KB

## Abstract Estimation of the linear quadratic model, the workhorse of the inventory literature, traditionally takes inventories and sales to be first‐difference stationary series, and the ratio of the two variables to be stationary. However, these assumptions do not always match the properties of