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