This book develops a macro disequilibrium model, focusing on the production sector and the associated spillover effects. Firms' decisions on investment, output supply and labor demand are analysed on basis of an approach involving excess demand, profitability and relative prices. As a novelty in such an analysis, inventories and unfilled orders act as buffer stocks.
| ISBN: | 9783540540564 |
| Publication date: | 12th June 1991 |
| Author: | Peter Stalder |
| Publisher: | Springer an imprint of Springer Berlin Heidelberg |
| Format: | Paperback |
| Pagination: | 193 pages |
| Series: | Lecture Notes in Economics and Mathematical Systems |
| Genres: |
Economic theory and philosophy |