1. Problem Definition: This article explores the incentive issues and gaming behaviors of firms under risk sharing partnerships in a project management setting, motivated by real-life examples. 2. Academic/Practical relevance: Collaboration prevails in projects within diverse industries. The...

We consider a multi-product newsvendor under the law-invariant coherent risk measures. We first establish a few fundamental properties of the model regarding the convexity of the problem, the symmetry of the solution and the impact of risk aversion. Specifically, we show that for identical...