Matches in SemOpenAlex for { <https://semopenalex.org/work/W4379644805> ?p ?o ?g. }
- W4379644805 abstract "Abstract In this paper, we study unimodality conditions for distributions that describe markets with stochastic demand. Such conditions naturally emerge in the analysis of game-theoretic models of market competition (Cournot games) and supply chain coordination (Stackelberg games). We express the price elasticity of expected demand in terms of the mean residual life (MRL) function of the demand distribution and characterize optimal prices or equivalently, points of unitary elasticity, as fixed points of the MRL function. This leads to economic interpretable conditions on the demand distribution under which such fixed points exist and are unique. We find that markets with increasing price elasticity of expected demand that eventually become elastic correspond to distributions with decreasing generalized mean residual life (DGMRL) and finite second moment. DGMRL distributions strictly generalize the widely used increasing generalized failure rate (IGFR) distributions. We further elaborate on the relationship of the two classes, link their limiting behavior at infinity and examine moment and closure properties of DGMRL distributions that are important in economic applications. The DGMRL unimodality condition is useful in the analysis of optimal decisions under uncertainty in settings that are not covered by the widely-used IGFR condition; thus, it can be of broader interest to the game-theory and operations research literature." @default.
- W4379644805 created "2023-06-08" @default.
- W4379644805 creator A5030319932 @default.
- W4379644805 creator A5045418483 @default.
- W4379644805 creator A5048295129 @default.
- W4379644805 date "2023-06-07" @default.
- W4379644805 modified "2023-09-25" @default.
- W4379644805 title "A generalization of the increasing generalized failure rate unimodality condition" @default.
- W4379644805 cites W1599465408 @default.
- W4379644805 cites W1756643235 @default.
- W4379644805 cites W1965069249 @default.
- W4379644805 cites W1968204503 @default.
- W4379644805 cites W1968539380 @default.
- W4379644805 cites W1970081679 @default.
- W4379644805 cites W1994665315 @default.
- W4379644805 cites W1996675930 @default.
- W4379644805 cites W2001745000 @default.
- W4379644805 cites W2005176259 @default.
- W4379644805 cites W2008924865 @default.
- W4379644805 cites W2009084832 @default.
- W4379644805 cites W2009381794 @default.
- W4379644805 cites W2023048877 @default.
- W4379644805 cites W2038625227 @default.
- W4379644805 cites W2092912220 @default.
- W4379644805 cites W2106258759 @default.
- W4379644805 cites W2106796631 @default.
- W4379644805 cites W2127275253 @default.
- W4379644805 cites W2131642659 @default.
- W4379644805 cites W2134690646 @default.
- W4379644805 cites W2143346627 @default.
- W4379644805 cites W2146156512 @default.
- W4379644805 cites W2149035559 @default.
- W4379644805 cites W2157672420 @default.
- W4379644805 cites W2160416232 @default.
- W4379644805 cites W2163539713 @default.
- W4379644805 cites W2168612340 @default.
- W4379644805 cites W2324074576 @default.
- W4379644805 cites W2492297833 @default.
- W4379644805 cites W2493504759 @default.
- W4379644805 cites W2517152090 @default.
- W4379644805 cites W2518722952 @default.
- W4379644805 cites W2620623683 @default.
- W4379644805 cites W2788428977 @default.
- W4379644805 cites W2793570447 @default.
- W4379644805 cites W2887316738 @default.
- W4379644805 cites W2887780636 @default.
- W4379644805 cites W2890482463 @default.
- W4379644805 cites W2896166264 @default.
- W4379644805 cites W2912604055 @default.
- W4379644805 cites W2948325399 @default.
- W4379644805 cites W3042648110 @default.
- W4379644805 cites W3121701465 @default.
- W4379644805 cites W3124124207 @default.
- W4379644805 cites W3125872315 @default.
- W4379644805 cites W3157138105 @default.
- W4379644805 cites W4245777296 @default.
- W4379644805 cites W4292070112 @default.
- W4379644805 cites W4376999555 @default.
- W4379644805 doi "https://doi.org/10.1007/s10479-023-05425-z" @default.
- W4379644805 hasPublicationYear "2023" @default.
- W4379644805 type Work @default.
- W4379644805 citedByCount "0" @default.
- W4379644805 crossrefType "journal-article" @default.
- W4379644805 hasAuthorship W4379644805A5030319932 @default.
- W4379644805 hasAuthorship W4379644805A5045418483 @default.
- W4379644805 hasAuthorship W4379644805A5048295129 @default.
- W4379644805 hasBestOaLocation W43796448051 @default.
- W4379644805 hasConcept C114614502 @default.
- W4379644805 hasConcept C121854251 @default.
- W4379644805 hasConcept C126255220 @default.
- W4379644805 hasConcept C143685982 @default.
- W4379644805 hasConcept C144237770 @default.
- W4379644805 hasConcept C159985019 @default.
- W4379644805 hasConcept C162324750 @default.
- W4379644805 hasConcept C16520705 @default.
- W4379644805 hasConcept C175444787 @default.
- W4379644805 hasConcept C176398731 @default.
- W4379644805 hasConcept C192562407 @default.
- W4379644805 hasConcept C21596040 @default.
- W4379644805 hasConcept C33923547 @default.
- W4379644805 hasConcept C51355593 @default.
- W4379644805 hasConceptScore W4379644805C114614502 @default.
- W4379644805 hasConceptScore W4379644805C121854251 @default.
- W4379644805 hasConceptScore W4379644805C126255220 @default.
- W4379644805 hasConceptScore W4379644805C143685982 @default.
- W4379644805 hasConceptScore W4379644805C144237770 @default.
- W4379644805 hasConceptScore W4379644805C159985019 @default.
- W4379644805 hasConceptScore W4379644805C162324750 @default.
- W4379644805 hasConceptScore W4379644805C16520705 @default.
- W4379644805 hasConceptScore W4379644805C175444787 @default.
- W4379644805 hasConceptScore W4379644805C176398731 @default.
- W4379644805 hasConceptScore W4379644805C192562407 @default.
- W4379644805 hasConceptScore W4379644805C21596040 @default.
- W4379644805 hasConceptScore W4379644805C33923547 @default.
- W4379644805 hasConceptScore W4379644805C51355593 @default.
- W4379644805 hasFunder F4320323220 @default.
- W4379644805 hasLocation W43796448051 @default.
- W4379644805 hasOpenAccess W4379644805 @default.
- W4379644805 hasPrimaryLocation W43796448051 @default.
- W4379644805 hasRelatedWork W1564335124 @default.