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
Modeling Strategic Behavior in the Competitive Newsvendor Problem: An Experimental Investigation
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DOI: 10.1111/poms.12683
Abstract: This paper experimentally investigates ordering behavior in the competitive newsvendor problem. We consider a duopoly market setting with two identical newsvendors selling the same perishable good in a common market. Our experimental results show that… read more here.
Keywords: newsvendor; newsvendor problem; strategic behavior; behavior competitive ... See more keywords