A Systematic Analysis and Experimental Verification of Joint Pricing and Inventory Strategies in Competitive Newsvendor Environments

This study examined joint pricing and inventory decisions in a competitive newsvendor environment using a combination of theoretical modeling and experimental methods. We developed a newsvendor model with price competition and inventory decisions. Participants in a laboratory experiment made simulta...

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Bibliographic Details

Published in:	Systems
Main Authors:	Mengmeng Shi, Yue Liu, Shaohui Wu
Format:	Article
Language:	English
Published:	MDPI AG 2024-12-01
Subjects:	newsvendor competition price–inventory game quantal response equilibrium
Online Access:	https://www.mdpi.com/2079-8954/13/1/18