Browsing Articles (FOR) by Subject "delayed information"
Now showing items 1-2 of 2
-
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 ...