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Learning to face stochastic demand

Flåm, Sjur Didrik; Sandsmark, Maria
Working paper
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URI
http://hdl.handle.net/11250/163751
Date
2000-09
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  • Discussion papers (FOR) [514]
Abstract
We consider repeated interaction among several producers of a homogenous, divisible good, traded at a common market. Demand is uncertain, and its law is unknown. We explore an adaptive scheme leading such producers over time, to face correct demand data. Extensions include non-cooperative games in which strategic interaction is felt via exactly two real parameters.
Publisher
Norwegian School of Economics and Business Administration. Department of Finance and Management Science
Series
Discussion paper
2000:18

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