Market Perceptions and Inventory-Price-Employment Plans
基于美国独立企业联盟调查数据，研究发现企业库存调整符合存量调整模型，调整通常在三个月内完成，价格不用于调整库存但具有粘性。
Ordered-probit analyses of National Federation of Independent Business survey data show that individual firms generally conform to the stock adjustment model of inventory investment, with the predicted response more likely when inventories are perceived as excessive than when deficient. Contrary to inferences about slow adjustment speeds from aggregate data, inventory adjustments by individual firms do not tend to take more than three months to complete. There is no evidence that price is used to achieve desired inventory targets, but prices are sticky in that changes set in motion one quarter tend to continue into the next quarter. Copyright 1989 by MIT Press.