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Sequential, multidimensional screening : conference paper
Litterscheid, Sina; Szalay, Dezsö - 2014
We study a sequential screening problem where the agent produces an object consisting of multiple items and has a multidimensional type that he learns over time. Depending on the strength of complementarity/substitutability of the items, the optimal allocation features a different pattern of...
Persistent link: https://www.econbiz.de/10010491117
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Production network, technology choice, capacity investment and inventory sourcing decisions : operational hedging under demand uncertainty
Vijai, J. Prince - In: Opsearch : journal of the Operational Research Society … 58 (2021) 4, pp. 1164-1191
Persistent link: https://www.econbiz.de/10012659150
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Price Versus Production Postponement: Capacity and Competition
Mieghem, Jan A. Van; Dada, Maqbool - In: Management Science 45 (1999) 12, pp. 1639-1649
firms make three decisions: capacity investment, production (inventory) quantity, and price. Typically, investments are made … capacity decisions by deterministic reasoning if they have some price flexibility. Under price postponement, additional … that this also makes the optimal capacity decision more sensitive to uncertainty. We highlight the different impact of more …
Persistent link: https://www.econbiz.de/10009198232
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Uncertainty, Entry Deterrence and Excess Capacity.
Poddar, Sougata - Økonomisk Institut, Københavns Universitet - 1997
entrant by installing capacity for production, in a (perfect) equilibrium excess capacity is not observed under a … incumbent can produce output beyond the pre-planned capacity, when needed, without incurring any additional cost by expanding … its capacity simultaneously while producing output; and no otherwise. Thus a cost reducing investment behavior will lead …
Persistent link: https://www.econbiz.de/10005225479
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A Theory of Continuous Uncertainty Types
Czerny, Achim I.; Verhoef, Erik T.; Zhang, Anming - 2015
the optimal capacity level and the optimal composition of capacity in terms of the number and size of production units …
Persistent link: https://www.econbiz.de/10011288410
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Guaranteed Renewable Life Insurance Under Demand Uncertainty
Hoy, Michael; Mirza, Afrasiab; Sadanand, Asha - 2018
Guaranteed renewability is a prominent feature in many health and life insurance markets. It is well established in the literature that, when there is (only) risk type uncertainty, the optimal GR contract with renewal price set at the actuarially fair price for low risk types provides full...
Persistent link: https://www.econbiz.de/10011887363
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Doubts about the model and optimal policy
Karantounias, Anastasios G. - 2020
This paper analyzes optimal policy in setups where both the leader and the follower have doubts about the probability model of uncertainty. I illustrate the methodology in two environments: a) an industry populated with a large firm and many small firms in a competitive fringe, where both types...
Persistent link: https://www.econbiz.de/10012653478
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A theory of continuous uncertainty types
Czerny, Achim Ingo; Verhoef, Erik T.; Zhang, Anming - 2015
the optimal capacity level and the optimal composition of capacity in terms of the number and size of production units …
Persistent link: https://www.econbiz.de/10010532588
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Demand uncertainty in skill-based competition : conference paper
Artinger, Sabrina - 2013 - Preprint submitted to March 1, 2013
How does demand uncertainty affect entry into skill-based competition? I investigate this question in a market entry experiment with skill-based payoffs by systematically varying two key elements of the market environment: demand risk and expected market size. Results show that people's...
Persistent link: https://www.econbiz.de/10010338933
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Doubts about the model and optimal policy
Karantounias, Anastasios G. - 2020
This paper analyzes optimal policy in setups where both the leader and the follower have doubts about the probability model of uncertainty. I illustrate the methodology in two environments: a) an industry populated with a large firm and many small firms in a competitive fringe, where both types...
Persistent link: https://www.econbiz.de/10012256581