A note on demand functions with uncertainty

被引：11
作者：
Krishnan, Harish [1 ]
机构：
[1] Univ British Columbia, Sauder Sch Business, Vancouver, BC V6T 1Z2, Canada
来源：
OPERATIONS RESEARCH LETTERS | 2010年 / 38卷 / 05期
关键词：
Demand uncertainty; Additive uncertainty; Multiplicative uncertainty; Slutsky symmetry; INVENTORY CONTROL; PRICE;
D O I：
10.1016/j.orl.2010.06.001
中图分类号：
C93 [管理学]; O22 [运筹学];
学科分类号：
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要：
Demand functions with "additive" and "multiplicative" uncertainty can fail to satisfy the "Slutsky symmetry" conditions required for demand to be based on utility maximization. This makes welfare analysis infeasible, which is important in many applications. Additive uncertainty can also generate negative demand realizations, and this can create non-trivial analytical problems. (C) 2010 Elsevier B.V. All rights reserved.
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页码：436 / 440
页数：5
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