We study the implications of a stockout constraint in a dynamic general equilibrium model, which can explain both RBC … and inventory facts well. Under the stockout constraint, inventories and demand are complements in generating sales, and …

We study the implications of a stockout constraint in a dynamic general equilibrium model, which can explain both RBC … and inventory facts well. Under the stockout constraint, inventories and demand are complements in generating sales, and …

This article investigates a dynamic general equilibrium model with a stockout constraint, which means that no seller …