equivalent to a concave utility index and a convex capacity. We then introduce a weaker notion of diversification, namely "sure … diversification." We show that this implies that the core of the capacity is non-empty. The converse holds under concavity of the …-Aumann setting, preference for diversification is equivalent to convexity of the capacity and preference for sure diversification is …

capacity is an inner measure. Two attractive features of the model are its specificity and the transparency of its axioms. The …

preference and is centered on the notion of a least convex capacity. …

We study a model where capacity installation by an incumbent firm serves to deter others from entering the industry. We … argue that uncertainty about demand or costs forces the incumbent to choose a higher capacity level than it would under …

With few exceptions, the literature on the role of capacity as a strategic entry deterrent has assumed Cournot … precommit to capacity levels before competing in price. Interesting deterrence effects arise because firms need time to build …, that is, cannot adjust capacity instantaneously in the post-entry game. This approach produces a simple and intuitive set …

not. Each allowable decomposition has a value determined by the capacity. The decomposition-integral of a random variable …