Chen, Yongmin (contributor); Riordan, Michael H. (contributor) - 2003 - [Elektronische Ressource]
revisit cement and concrete markets at the end, when we discuss applications.
There is a single consumer located at x∈ [0 …,1], who is interested in purchasing one unit
of a product.
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The consumer’s uncertain reservation value V has a cumulative … v ∈ [v,¯v]. The consumer’s uncertain reservation value gives
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It is easy but cumbersome to extend the model to a finite …