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The minimax adjustment principle presented in this paper uses the minimax principle in order to improve a given action in the light of some knowledge on the state of the nature or on the other actors. It turns out that the given action is kept unchanged if it can be reconciled with the external...
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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...
Persistent link: https://www.econbiz.de/10008596505
Climate policy requires that much of the world’s reserves of fossil fuels remain unburned. This paper makes the case for implementing this directly through policy to close the global coal industry. Coal is singled out because of its high emissions intensity, low rents per unit value, local...
Persistent link: https://www.econbiz.de/10010820276
Climate policy requires that much of the world's reserves of fossil fuels remain unburned.  This paper makes the case for implementing this directly through policy to close the global coal industry.  Coal is singled out because of its high emissions intensity, low rents per unit value, local...
Persistent link: https://www.econbiz.de/10011164424
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1. Developing the concept of supply chain management -- 2. Supply chain structure -- 3. Supply chain infrastructure -- 4. Interconnectedness in supply -- 5. Supply chain resilience to global crises -- 6. Supply chain management policy -- 8. Future identity of supply chain management.
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