robustness under risk aversion and ambiguity aversion. We aim to understand the potential consequences of deeply uncertain … chain-level preparedness to aggregate shocks. Augmenting a parsimonious supply chain model with uncertainty, we analyse the … chain-level coordination of downstream firm sourcing decisions can qualitatively improve the robustness of the entire supply …

model of uncertainty. I illustrate the methodology in two environments: a) an industry populated with a large firm and many …

Sargent (1995) in their robustness analysis is the only one that fulfills these properties. The paper therefore suggests a …

uncertainty. Using the theory of (reflected) backward stochastic differential equations we are able to solve the optimal stopping …