Now showing items 101-102 of 102

    • Value of Waiting and Excess Entry Theorem 

      Fujita, Yasunori (Scientific Research, 2016-04)
      By reformulating the Cournot model by making use of the optimal stopping theory, we reconsider the excess entry theorem for a stochastic market. It is revealed that: 1) free entry in a stochastic oligopolistic market is ...
    • When Utility Jumps: The Value of Having Cash in the Hand 

      Rotthoff, Kurt W.; Coffey, Bentley (Scientific Research, 2018-02)
      Different theoretical explanations have been developed for seemingly inconsistent actions that deal with varying levels of risk and time. We propose a simple model of utility that unifies these seemingly separate ...