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(Journal article / Tidsskriftartikkel / PublishedVersion; Peer reviewed, 2011)
Background In some countries every citizen has the right to obtain a designated general practitioner. However, each individual may have preferences that cannot be fulfilled due to shortages of some kind. The questions ...
(Journal article / Tidsskriftartikkel / SubmittedVersion, 2013)
In this paper, we prove a maximum principle for general stochastic differential Stackelberg games, and apply the theory to continuous time newsvendor problems. In the newsvendor problem, a manufacturer sells goods to a ...
Stackelberg equilibria in continuous newsvendor models with uncertain demand and delayed information
(Journal article / Tidsskriftartikkel / AcceptedVersion; Peer reviewed, 2014)
We consider explicit formulae for equilibrium prices in a continuous-time vertical contracting model. A manufacturer sells goods to a retailer, and the objective of both parties is to maximize expected profits. Demand is ...