The Numerical Analysis of Monopolistically Competitive Markets: The Case of a New York Fresh Apple Packer
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The hypothesis is adduced that in some monopolistically competitive markets a firm's demand schedule evolves faster than the firm's marketing policies can adjust. A probabilistic model of this phenomenon is introduced. The numerical analysis of a New York fresh apple packer's inventory control policies illustrates the model's usefulness.
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1987-07
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Charles H. Dyson School of Applied Economics and Management, Cornell University
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