Hauenschild, Nils; Stahlecker, Peter - In: Jahrbücher für Nationalökonomie und Statistik 224 (2004) 1-2, pp. 37-50
Summary We consider a model of a price setting monopolistic firm that has to decide on a price adjustment in light of some new information about the uncertain demand for its product. It is assumed that the firm applies the so-called minimax adjustment principle for this purpose. This optimality...