Abstract
This study demonstrates the possibility that chaotic fluctuations may be preferable to a steady state. For this purpose, it uses a simple macro disequilibrium model in which inventory can be chaotically fluctuated. In such a model, the profit of a firm as well as the utility of a consumer fluctuates. This raises the question of their average profitability and preferability in the long run. This study, with the aid of numerical examples, demonstrates that the long-run average profit can be greater than the profit obtained at the steady state while the long-run average utility is the same as the utility obtained at the steady state.
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