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dc.contributor.authorØksendal, Bernt
dc.contributor.authorSandal, Leif Kristoffer
dc.contributor.authorUbøe, Jan
dc.date.accessioned2015-01-21T11:56:22Z
dc.date.accessioned2015-01-28T13:28:05Z
dc.date.available2015-01-21T11:56:22Z
dc.date.available2015-01-28T13:28:05Z
dc.date.issued2014
dc.identifier.citationJournal of Applied Probability 2014, 51A:213-226nb_NO
dc.identifier.issn1475-6072
dc.identifier.urihttp://hdl.handle.net/11250/274943
dc.descriptionBy permission. Copyright (c) Applied Probability Trust (2014).
dc.description.abstractWe 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 is an Itô–Lévy process, and to increase realism, information is delayed. We provide complete existence and uniqueness proofs for a series of special cases, including geometric Brownian motion and the Ornstein– Uhlenbeck process, both with time-variable coefficients. Moreover, explicit solution formulae are given, so these results are operational. An interesting finding is that information that is more precise may be a considerable disadvantage for the retailer. time-variable coeficients. Moreover, these results are operational because we are able to offer explicit solution formulas. An interesting finding is that information that is more precise may be a considerable disadvantage for the retailer.en
dc.language.isoengnb_NO
dc.rightsNavngivelse-Ikkekommersiell-DelPåSammeVilkår 3.0 Norge*
dc.subjectvertical contractingnb_NO
dc.subjectstochastic differential gamenb_NO
dc.subjectdelayed informationnb_NO
dc.subjectItô– Lévy processnb_NO
dc.titleStackelberg equilibria in continuous newsvendor models with uncertain demand and delayed informationnb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.date.updated2015-01-21T11:56:22Z
dc.source.pagenumber213-226nb_NO
dc.source.volume51Anb_NO
dc.source.journalJournal of Applied Probabilitynb_NO
dc.identifier.doi10.1239/jap/1417528477
dc.identifier.cristin1197345


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