Abstract
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.
I am grateful to Kenneth D. West for valuable discussions and comments. The usual proviso applies.
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Kollintzas, T. (1989). The Linear Rational Expectations Equilibrium Inventory Model: An Introduction. In: Kollintzas, T. (eds) The Rational Expectations Equilibrium Inventory Model. Lecture Notes in Economics and Mathematical Systems, vol 322. Springer, New York, NY. https://doi.org/10.1007/978-1-4684-6374-3_1
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DOI: https://doi.org/10.1007/978-1-4684-6374-3_1
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