Estimating the buyer's willingness to pay using Bayesian belief distribution with IFR
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More about this item
Keywords
supply chain optimization; Bayesian belief; mechanism design; increasing failure rate;All these keywords.
JEL classification:
- D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
- C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CTA-2010-05-22 (Contract Theory and Applications)
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