TY  - JOUR
AU  - West,Kenneth D.
TI  - Inventory Models
JF  - National Bureau of Economic Research Technical Working Paper Series
VL  - No. 143
PY  - 1993
Y2  - September 1993
UR  - http://www.nber.org/papers/t0143
L1  - http://www.nber.org/papers/t0143.pdf
N1  - Author contact info:
Kenneth D. West
Department of Economics
University of Wisconsin
1180 Observatory Drive
Madison, WI  53706
Tel: 608/262-0033
Fax: 608/262-2033
E-Mail: kdwest@wisc.edu
AB  - Econometric aspects of recent research on inventory models are surveyed.  The discussion emphasizes issues relevant to instrumental variables estimation of a first order condition of the Holt et al. (1960) linear quadratic inventory model, including choice of instruments, covariance matrix estimation, methods for testing, and implications of unit root nonstationarity.  The paper also briefly discusses estimation of a decision rule implied by the model, and, finally, the impliations for inventory models of some stylized facts about inventories.
ER  -