Inventories in a Labour-Managed Economy - Zagreb International Review of Economics & Business, Vol.13 No.1 May 2010.Report as inadecuate




Inventories in a Labour-Managed Economy - Zagreb International Review of Economics & Business, Vol.13 No.1 May 2010. - Download this document for free, or read online. Document in PDF available to download.

Zagreb International Review of Economics & Business, Vol.13 No.1 May 2010. -

This paper considers a two-period model in which two labour-managed firms can use inventory investment as a strategic device. In the first period, each firm simultaneously and independently chooses how much it sells in the current market and the level of inventory it holds for the second-period market. The paper shows the reaction curves in the model with inventories. The paper finds that inventories may be used by labour-managed firms to facilitate tacit collusion.

labour-managed firm; inventory investment; two-period model



Author: Kazuhiro Ohnishi - ; Institute for Basic Economic Science, Osaka,Japan

Source: http://hrcak.srce.hr/



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