Cost Flexibility and Price Dispersion
研究了企业成本灵活性与产品价格离散之间的关系，发现需求波动增大不一定提升灵活性的价值或最优水平，与假设二次成本曲线的文献结论相反。
This paper examines the relationship between a firm's cost flexibility and product price dispersion. The author shows that a mean-preserving increase in demand variability need not lead to an increase in the value of flexibility or in the optimal level of flexibility. This is contrary to results in the literature that are achieved by assuming a quadratic cost curve. Copyright 1989 by Blackwell Publishing Ltd.