A loss averse competitive newsvendor problem with anchoring
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DOI: 10.1016/j.omega.2017.10.003
Abstract: We study a loss averse competitive newsvendor problem with anchoring under prospect theory. We consider two demand-splitting rules for quantity competition, including proportional demand allocation and demand reallocation. We characterize the optimal order quantity decisions… read more here.
Keywords: averse competitive; competition; anchor; loss averse ... See more keywords