competitive supply of durable goods under stochastic fluctuation in stock
نویسندگان
چکیده
this paper presents a theoretical model in which the stock growth rate of durable goods has stochastic fluctuation over time. it concludes that a social planner increases the expected percentage rate of production since uncertainty increases the user cost from consumer’s point view.
منابع مشابه
Competitive supply of durable goods under stochastic fluctuation in stock
This paper presents a theoretical model in which the stock growth rate of durable goods has stochastic fluctuation over time. It concludes that a social planner increases the expected percentage rate of production since uncertainty increases the user cost from consumer’s point view.
متن کاملcompetitive supply of durable goods with stochastic fluctuation in stuck
this paper presents a theoretical model in order to determine tile expected rate of durable good`s supply over time. the social plaliner maximizes tile sum of the discount ed net benefit. subject to the stochastic fluctuation in the stock of durable goods. it turns out that a social planner increases the expected rate of supply since uncertainty increases the user's loss from the view poin...
متن کاملCompetitive search markets for durable goods
This paper considers a dynamic version of Akerlof’s (1970) lemons problem where buyers and sellers must engage in search to find a trading partner. We show that if goods are durable, the market itself may provide a natural sorting mechanism. In equilibrium, high-quality goods sell at a higher price than lowquality goods but also circulate longer. This accords with the common wisdom that sellers...
متن کاملA model of brand competition for durable goods supply chains in a dynamic framework
Game theory is an efficient tool to represent and conceptualize the problems concerning conflict and competition. In recent years and especially for durable products, competition between domestic and foreign brands for gaining market share has received a considerable attention. This paper study electronic commerce concepts by differential game theory and introduce a novel and comprehensive mode...
متن کاملApplying a CVaR Measure for a Stochastic Competitive Closed-Loop Supply Chain Network under Disruption
This paper addresses a closed-loop supply chain network design problem, in which two different supply chains compete on retail prices by defining a price-dependent demand function. So, the model is formulated in a bi-level stochastic form to demonstrate the Stackelberg competition and associated uncertainties more precisely. Moreover, it is capable of considering random disruptions in the leade...
متن کاملOnline Appendix – Durable Goods Monopoly with Stochastic Costs
The proof of Theorem 2 is organized as follows. First, I show that the lower bound L(x, q) (i.e., the value function of the optimal stopping problem (15)) is well defined for all q ∈ [0, 1]. Then I show that the monopolist's equilibrium profits are equal to L(x, q) for all states (x, q).
متن کاملمنابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
iranian economic reviewجلد ۴، شماره ۴، صفحات ۱-۸
میزبانی شده توسط پلتفرم ابری doprax.com
copyright © 2015-2023