The newsvendor game has a non-empty core
Marco Scarsini,
Alfred Müller and
Moshe Shaked
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Abstract:
We settle an open conjecture regarding the newsvendor game. We prove that its core is always non-empty, for all possible joint distributions of the random demands. We give sufficient conditions under which the core is a singleton or it contains non-negative elements.
Keywords: cost allocation; inventory centralization; core (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (17)
Published in Games and Economic Behavior, 2002, Vol. 38, N°1, pp. 118-126. ⟨10.1006/game.2001.0854⟩
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00539841
DOI: 10.1006/game.2001.0854
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