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Since von Neuman and Morgenstern's (1944) contribution to game theory, the expected utility criterion has become the standard functional to evaluate risky prospects. Risky prospects are understood to be lotteries on a set of prizes. In which case a decision maker will receive a precise prize...
Persistent link: https://www.econbiz.de/10005797795
In this paper, we give a mathematical analysis of symmetric and asymmetricChoquet integrals in the view of decision making in a finite setting. Theseintegrals present two ways of dealing with negative integrands. The analysis isdone with the aid of the Möbius and interaction transforms, this...
Persistent link: https://www.econbiz.de/10008792801
In this article, Jeffrey I. Bernstein of Carleton University, Richard G. Harris from Simon Fraser University, and Andrew Sharpe from the Centre for the Study of Living Standards provide a comprehensive analysis of the widening of the Canada-US manufacturing productivity gap. Since 1994, labour...
Persistent link: https://www.econbiz.de/10005518970
-time real-options model of capacity investment. Our methodology allows the evaluation of investment options and exercise rules … capacity units are costly, indivisible, durable, and big relative to market size, early entry cannot secure a first …-mover advantage, so that both firms are active beyond some level of market development. Once both firms hold capacity, tacit collusion …
Persistent link: https://www.econbiz.de/10005100881
We consider a decision maker facing uncertainty which behaves as a subjective expected utility maximizer. The value of information is traditionnaly captured as a greater expected utility the decision maker can achieve by selecting a best strategy as information arrives. We deal with the limit...
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gap between the capacity of the new member states to implement EU rules and the growing complexity of the post …
Persistent link: https://www.econbiz.de/10009636844
(VF)Comment entretenir un flux constant d’innovations? Pour répondre à cette question, cet article étudie les liens entre les différentes innovations de la firme, en particulier technologique et organisationnelle. Cinq études de cas sont choisies pour leur caractère emblématique de neuf...
Persistent link: https://www.econbiz.de/10005111161