SOME EMPIRICAL ESTIMATES OF SHORT RUN PRICE AND OUTPUT POLICIES
Abstract
Some a tempts were made to estimate short run reactions of firms to changes in their inventory, sales anticipations, etc. Four industry studies are summarized which are part of a larger project on optimum price and output policies on which the author is engaged. The technique used in the study is the very simple one of finding linear approximations to two complicated price and output decision rules and then estimating the linear approximations from relevant monthly (or, in one case, quarterly) data. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jul 27, 1961
- Accession Number
- AD0260733
Entities
People
- Edwin S. Mills
Organizations
- Yale University