To reduce costs, a buyer would seek a more affordable price for products from alternative suppliers. For the buyer, there is asymmetric information about the alternative supplier׳s cost. A supplier switching model is constructed based on principal-agent theory to minimize the buyer׳s cost...

This article shows how the endogenous human capital affects the labor market equilibrium when jobs provided by firms can be either unskilled or skilled and workers differ in their education level which can be either low-educated or high-educated. We develop an equilibrium search model in which...

This paper studies the pricing problem of substitutable products in a supply chain with one manufacturer and two competitive retailers. The consumer demands and manufacturing costs are of uncertainty, which are described by fuzziness. Based on different market structures, one centralized pricing...

The pricing problem of substitutable products in a fuzzy supply chain is analyzed by using game theory in this paper. There are two substitutable products produced by two competitive manufacturers respectively and then sold by one common retailer to the consumers. Both the manufacturing cost and...

In this paper, we consider a risk model in which individual claim amount is assumed to be a fuzzy random variable and the claim number process is characterized as a Poisson process. The mean chance of the ultimate ruin is researched. Particularly, the expressions of the mean chance of the...