The minimax adjustment principle presented in this paper uses the minimax principle in order to improve a given action in the light of some knowledge on the state of the nature or on the other actors. It turns out that the given action is kept unchanged if it can be reconciled with the external...

Der vorliegende Beitrag geht an Hand verschiedener Indikatoren der Frage nach, ob sich von der finanziellen Seite her die wirtschaftlichen Risiken bei westdeutschen Unternehmen vergrößert haben. Die Untersuchung stützt sich auf eine Sonderauswertung der Bilanzstatistik der Deutschen...

The minimax adjustment principle presented in this paper uses the minimax principle in order to improve a given action in the light of some knowledge on the state of the nature or on the other actors. It turns out that the given action is kept unchanged if it can be reconciled with the external...

We consider a model of an oligopolistic market with heterogeneous firms and products where neither the cost nor the demand functions are common knowledge. Instead, each firm only has some vague ideas about the price strategies adopted by its competitors which is modelled by a fuzzy set. In...