Showing 1 - 10 of 73
We give new proofs of existence of the limit of the discounted values for two person zero-sum games in the following frameworks: incomplete information, absorbing, recursive. The idea of these new proofs is to use some comparison criteria.
Persistent link: https://www.econbiz.de/10010706592
Our study is dedicated to the probabilistic representation and numerical approximation of solutions to coupled systems of variational inequalities. The dynamics of each component of the solution is driven by a different linear parabolic operator and suffers a non-linear dependence in all the...
Persistent link: https://www.econbiz.de/10010706640
This paper introduces a valuation model of international pricing in the presence of political risk. Shipments between countries are charged with shipping costs and the country specific production processes are modelled as diffusion processes. The political risk is modelled as a continous time...
Persistent link: https://www.econbiz.de/10010708152
Companies operate in an environment increasingly demanding in terms of flexibility and reactivity. The introduction of the entities resulting from Distributed Artificial Intelligence (DAI) and Multi-Agent Systems (MAS) in the management of enterprises prove to be an interesting technology to...
Persistent link: https://www.econbiz.de/10010708230
This article focuses on the calculation of the optimal stock-out risk when resorting to emergency supplies is allowed. The studied context is a supply chain where several distant mixed-model assembly lines trigger the demand of a component used for assembly. When the cumulated lead time of a...
Persistent link: https://www.econbiz.de/10011273989
Improved consumer information about horizontal aspects of products of similar quality leads to better consumer matching … but also to higher prices, so consumer surplus can go up or down, while profits rise. With enough quality asymmetry …, though, the higher-quality (and hence larger) firm's price falls with more information, so both effects benefit consumers …
Persistent link: https://www.econbiz.de/10010734937
addition, in recent years, the competition between these various brands with national brands invite to use many quality cues … with the aim of improving the quality perceived by client. We question the appropriateness and effectiveness of this … strategy of marking quality. An experiment shows that national brands are perceived as equivalent in quality to that of premium …
Persistent link: https://www.econbiz.de/10010707654
The aim of this paper is to discuss the theoretical framework of quality management. We propose a conceptual model … based on the convention theory. This framework enables to understand the quality as a social construct, but also the reasons … why quality is managed by institutions. In this perspective, we demonstrate that the codes of deontology may be …
Persistent link: https://www.econbiz.de/10011072982
La multiplication des signes de qualité oblige à repenser la définition des labels et à structurer de manière pertinente cet ensemble de signaux souvent opaque. Les apports de l'économie de l'information permettent de différencier, d'une part, les labels exponentiels et, d'autre part, les...
Persistent link: https://www.econbiz.de/10011073634
The dual reduction process, introduced by Myerson, allows a finite game to be reduced to a smaller-dimensional game such that any correlated equilibrium of the reduced game is an equilibrium of the original game. We study the properties and applications of this process. It is shown that generic...
Persistent link: https://www.econbiz.de/10011073186