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Dynamic monopoly production,inventory, and price policy under sophisticated demand |
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| Authors: | Lanny Arvan |
| Institution: | University of Illinois at Urbana Champaign, IL 61820, USA |
| Abstract: | In this paper a dynamic demand surface arises out of a consumer intertemporal utility maximization problem. The monopolistic firm uses this dynamic demand surface to formulate its optimal price, production, and inventory policy. |
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