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The Numerical Analysis of Monopolistically Competitive Markets: The Case of a New York Fresh Apple Packer

Author

Listed:
  • Starbird, Sterling A.
  • Milligan, Robert A.

Abstract

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.

Suggested Citation

  • Starbird, Sterling A. & Milligan, Robert A., 1987. "The Numerical Analysis of Monopolistically Competitive Markets: The Case of a New York Fresh Apple Packer," Staff Papers 186642, Cornell University, Department of Applied Economics and Management.
    • Handle: RePEc:ags:cudasp:186642
    DOI: 10.22004/ag.econ.186642
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