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Stochastic Stackelberg equilibria with applications to time dependent newsvendor models
(Discussion paper2011:9, Working paper, 2011-05)
Stackelberg equilibria in continuous newsvendor models with uncertain demand and delayed information
(Journal article; Peer reviewed, 2014)
We consider explicit formulae for equilibrium prices in a continuous-time vertical contracting model. A manufacturer sells goods to a retailer, and the objective of both parties is to maximize expected profits. Demand ...
Stochastic Stackelberg equilibria with applications to time-dependent newsvendor models
(Journal article; Peer reviewed, 2013)
In this paper, we prove a maximum principle for general stochastic differential Stackelberg games, and apply the theory to continuous time newsvendor problems. In the newsvendor problem, a manufacturer sells goods to a ...