We study optimal simple rating systems that partition sellers into a finite number of tiers. We show that optimal ratings must be threshold partitions, and that for linear supply and Cournot competition with constant marginal cost, optimal thresholds solve a k-means clustering problem requiring...

Modern theories of aggregate supply are built on the foundation that firms set prices and commit to producing whatever the market demands. We remove this strategic restriction and allow firms to choose supply functions, mappings that describe the prices charged at each quantity of production....

"Production and supply analysis are core components of applied microeconomics. Taken together with considerations of demand and marketing, production and supply complete the nexus of what comprises modern applied economics. Lecture Notes in Production and Supply presents the core components of...

The Covid-19 crisis is an unusual and seemingly all-encompassing economic shock. On the one hand, it was unquestionably a negative demand shock that, for fixed prices and incomes, reduced household spending. On the other hand, it was also unquestionably a negative supply shock that reduced...

In the context of supply function competition with private information, we test in the laboratory whether, as predicted in Bayesian equilibrium, costs that are positively correlated lead to steeper supply functions and less competitive outcomes than do uncorrelated costs. We find that the...

In the context of supply function competition with private information, we test in the laboratory whether - as predicted in Bayesian equilibrium - costs that are positively correlated lead to steeper supply functions and less competitive outcomes than do uncorrelated costs. We find that the...

In the context of supply function competition with private information, we test in the laboratory whether — as predicted in Bayesian equilibrium — costs that are positively correlated lead to steeper supply functions and less competitive outcomes than do uncorrelated costs. We find that the...

A century of the EOQ / Matthew J. Drake and Kathryn A. Marley -- Multi-period lot-sizing with stationary demand: extension to forecast horizons / Suresh Chand and Suresh Sethi -- EOQ models with supply disruptions / Zümbül Atan and Lawrence V. Snyder -- Existence of EOQ and its evaluation:...

Die in angewandten Simulationsmodellen weit verbreiteten isoelastischen Angebots- und Nachfragesysteme haben den Nachteil, daß sie nur sehr eingeschränkt auf globale Konsistenz mit bestimmten sich aus der ökonomischen Theorie ergebenden Bedingungen zu restringieren sind. In diesem Beitrag...

In der Vergangenheit sind zahlreiche Studien zur regionalökonomischen Bedeutung von Hochschulstandorten vorgenommen worden, wobei insbesondere seit den 60er Jahren die nachfrageorientierten regionalökonomischen Ausgabeeffekte im Mittelpunkt stehen. Zu den Nachfrageeffekten gehören...