Articles with "newsvendor game" as a keyword



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A stochastic newsvendor game with dynamic retail prices

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Published in 2017 at "Journal of Industrial and Management Optimization"

DOI: 10.3934/jimo.2017072

Abstract: We extend stochastic newsvendor games with information lag by including dynamic retail prices, and we characterize their equilibria. We show that the equilibrium wholesale price is a nonincreasing function of the demand, while the retailer's… read more here.

Keywords: newsvendor game; retail prices; output; dynamic retail ... See more keywords