IDEAS home Printed from https://ideas.repec.org/a/oup/qjecon/v38y1924i4p631-652..html
   My bibliography  Save this article

Competitive Illusion as a Cause of Business Cycles

Author

Listed:
  • Thomas Warner Mitchell

Abstract

Supplies come on the market, not as quantities available for sale, but as flow responding to demand, 632. — Manufacturers' usual practice is to "sell then make," not "make for stock," 634. — Details of the "sell-then-make" policy, 635. — The "make-for-stock" policy sometimes followed in part; its virtues, 636. — Connection of the sell-then-make policy with business cycles, 642. — Demands from distributers bring response in production, 642. — If products are not forthcoming, orders are exaggerated or duplicated, 645. — False demands lead to over-enlargement of supplies, 647. — Reaction. Alternate exaggeration and understatement of consumers' demands, 648.

Suggested Citation

  • Thomas Warner Mitchell, 1924. "Competitive Illusion as a Cause of Business Cycles," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 38(4), pages 631-652.
    • Handle: RePEc:oup:qjecon:v:38:y:1924:i:4:p:631-652.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1884594
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chatfield, Dean C. & Pritchard, Alan M., 2013. "Returns and the bullwhip effect," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 49(1), pages 159-175.
    2. Sebastián Villa & Paulo Gonçalves & Santiago Arango, 2015. "Exploring retailers' ordering decisions under delays," System Dynamics Review, System Dynamics Society, vol. 31(1-2), pages 1-27, January.
    3. Tarikere T. Niranjan & Narendra K. Ghosalya & Srinagesh Gavirneni, 2022. "Crying Wolf and a Knowing Wink: A Behavioral Study of Order Inflation and Discounting in Supply Chains," Production and Operations Management, Production and Operations Management Society, vol. 31(3), pages 1071-1088, March.
    4. Dominguez, Roberto & Cannella, Salvatore & Framinan, Jose M., 2015. "On returns and network configuration in supply chain dynamics," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 73(C), pages 152-167.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:qjecon:v:38:y:1924:i:4:p:631-652.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/qje .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.