On maximin dynamic programming and the rate of discount
Sign Up to like & getrecommendations! Published in 2018 at "Economic Theory"
DOI: 10.1007/s00199-018-1166-0
Abstract: This article establishes a dynamic programming argument for a maximin optimization problem where the agent completes a minimization over a set of discount rates. Even though the consideration of a maximin criterion results in a… read more here.
Keywords: discount; maximin; maximin dynamic; dynamic programming ... See more keywords
Consumers’ Perceptions of Retail Business Ethics and Loyalty to the Retailer: The Moderating Role of Social Discount Practices
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Business Ethics"
DOI: 10.1007/s10551-015-2663-8
Abstract: This research investigates the influence that consumers’ perceptions of retail business ethics have on their responses (trust and loyalty) when retailers either create social discount spaces (integrated or collaborative) or do not. Using scenarios to… read more here.
Keywords: business ethics; discount; perceptions retail; consumers perceptions ... See more keywords
Optimal replenishment and stocking strategies for inventory mechanism with a dynamically stochastic short-term price discount
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Global Optimization"
DOI: 10.1007/s10898-017-0522-0
Abstract: This paper considers an inventory mechanism with a non-deterministic short-term price discount. In the mechanism, the supplier has a tendency to offer retailers a short-term price discount for a future occasion. Subsequently, when the discount… read more here.
Keywords: discount; mechanism; term price; price discount ... See more keywords
An analysis of closed-end funds discounts viewed from a lack of redemption perspective
Sign Up to like & getrecommendations! Published in 2018 at "Review of Quantitative Finance and Accounting"
DOI: 10.1007/s11156-017-0634-0
Abstract: We examine the behavior of discounts for an extensive sample of U.S. closed-end funds (CEF) undergoing open-ending. Share prices increase and discounts reduce at the time of announcement. The 2-day abnormal return is approximately one… read more here.
Keywords: end funds; open ending; discount; announcement ... See more keywords
A new test of convexity–concavity of discount function
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DOI: 10.1007/s11238-020-09747-3
Abstract: Discounted utility theory and its generalizations (e.g., quasihyperbolic discounting, generalized hyperbolic discounting) use discount functions for weighting utilities of outcomes received in different time periods. We propose a new simple test of convexity–concavity of discount… read more here.
Keywords: convexity concavity; discount; discount function; test convexity ... See more keywords
Dissecting subjective discount rates and investment literacy for energy-efficient investments
Sign Up to like & getrecommendations! Published in 2021 at "Energy Efficiency"
DOI: 10.1007/s12053-021-09941-4
Abstract: Consumers are assumed to compare the upfront costs to the discounted value of future savings in energy expenditures when deciding whether to invest in a more energy-efficient product. This assumption presupposes that consumers have the… read more here.
Keywords: investment literacy; energy efficient; discount; energy ... See more keywords
Fuzzy Optimization for Multi-item Supply Chain with Trade Credit and Two-Level Price Discount Under Promotional Cost Sharing
Sign Up to like & getrecommendations! Published in 2018 at "International Journal of Fuzzy Systems"
DOI: 10.1007/s40815-017-0434-7
Abstract: AbstractHere, a multi-item two-level supply chain is considered where supplier offers a cash discount and a credit period to its retailer to boost the demand of the items. Due to this facility, retailer also offers… read more here.
Keywords: supply; discount; multi item; optimization ... See more keywords
Hyperbolic discounting of the far-distant future
Sign Up to like & getrecommendations! Published in 2017 at "Economics Letters"
DOI: 10.1016/j.econlet.2017.03.031
Abstract: We prove an analogue of Weitzman’s (1998) famous result that an exponential discounter who is uncertain of the appropriate exponential discount rate should discount the far-distant future using the lowest (i.e., most patient) of the… read more here.
Keywords: discount; discounting far; far distant; hyperbolic discounting ... See more keywords
Do participants discount products in experimental auctions
Sign Up to like & getrecommendations! Published in 2017 at "Food Quality and Preference"
DOI: 10.1016/j.foodqual.2016.09.002
Abstract: Abstract We compare willingness-to-pay information revealed through bids of the Becker–DeGroot–Marschak (BDM) auction mechanism with inferred valuations and real market prices. Applying nine food products, in three different experiments in which individuals express both bids… read more here.
Keywords: discount; experimental auctions; discount products; products experimental ... See more keywords
An application of repeat sales regression to distressed lodging prices
Sign Up to like & getrecommendations! Published in 2020 at "International Journal of Hospitality Management"
DOI: 10.1016/j.ijhm.2019.102364
Abstract: Abstract This study investigates the price discounts in financially distressed hotels. Using a sample of 2564 pairs of hotel transactions from 2003 to early 2016, the study employs a repeat sales regression approach to estimate… read more here.
Keywords: distressed hotels; sales regression; financially distressed; repeat sales ... See more keywords
Consignment contracts with cooperative programs and price discount mechanisms in a dynamic supply chain
Sign Up to like & getrecommendations! Published in 2019 at "International Journal of Production Economics"
DOI: 10.1016/j.ijpe.2019.04.027
Abstract: Abstract This paper investigates whether a supply chain can achieve coordination by implementing two mechanisms: a cooperative advertising program and a price discount mechanism. We start by analyzing a consignment contract with a revenue-sharing agreement… read more here.
Keywords: price discount; manufacturer; supply chain; price ... See more keywords