Using elements from the theory of ergodic backward stochastic differential equations (BSDE), we study the behavior of forward entropic risk measures. We provide their general representation results (via both BSDE and convex duality) and examine their behavior for risk positions of long...

Purpose: The purpose of this paper is to identify risk factors that caused by customer collaboration in new product development systematically, and propose an approach to judge which risk factors are critical and catch substantial attention. Design/methodology/approach: This study identifies...

We study the consumer response to the extension of a perishable food item’s shelf life. We develop a theoretical model that describes a utility maximizing consumer planning for an uncertain number of consumption occasions. This model permits prediction of both changes in the purchase and waste...