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We examine the timing and quality of product introduction in an R&D stopping game, where we allow for horizontal and vertical differentiation in the product market. We observe that discontinuous changes in introduction dates can occur as firms' abilities as researchers change. Further, when the...
Persistent link: https://www.econbiz.de/10003958288
's formula. In this manner, we obtained the models for optimal emission reduction and equilibrium CA price. Our numerical … revealed that the energy price indirectly affected the equilibrium CA price by influencing the Hurst exponent, the depreciation … rate positively impacted the CA price, and increasing the initial CA reduced the optimal reduction and the CA price. Our …
Persistent link: https://www.econbiz.de/10014288908
Purpose - The managerial questions of this paper are as follows, and the authors are trying to solve them: How revenue sharing contract (CSR) degree and government subsidy affect the agri-food quality? What kind of model (WPC, revenue-sharing contract [RSC] and cooperative) would be more...
Persistent link: https://www.econbiz.de/10014496884
In this paper, we focus on small business enterprises (SBEs) that usually have low market power but can rely on retailers to transact sales and gain the ability to disclose quality information. Moreover, consumer loss aversion (CLA) is pronounced when buying from SBEs that have yet to develop a...
Persistent link: https://www.econbiz.de/10014504727
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prices. As with many natural resources price series, the arrival of new information can lead to unexpectedly rapid changes … metal price series is investigated, as well as time-varying volatility. The results demonstrate that allowing for jumps and … complex processes contributed to the fatness of the tails in the distribution of heavy metal price returns. …
Persistent link: https://www.econbiz.de/10012038566
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The paper compares portfolio optimization with the Second-Order Stochastic Dominance (SSD) constraints with mean-variance and minimum variance portfolio optimization. As a distribution-free decision rule, stochastic dominance takes into account the entire distribution of return rather than some...
Persistent link: https://www.econbiz.de/10011543019
We study a discrete-time interaction risk model with delayed claims within the framework of the compound binomial model. Using the technique of generating functions, we derive both a recursive formula and a defective renewal equation for the expected discounted penalty function. As applications,...
Persistent link: https://www.econbiz.de/10011545013