Title data
Herweg, Fabian:
The Expectation-Based Loss-Averse Newsvendor.
In: Economics Letters.
Vol. 120
(2013)
Issue 3
.
- pp. 429-432.
ISSN 0165-1765
DOI: https://doi.org/10.1016/j.econlet.2013.05.035
Related URLs
Abstract in another language
We modify the classic single-period inventory management problem by assuming that the newsvendor is expectation-based loss averse according to Kőszegi and Rabin (2006, 2007). We show that the expectation-based loss-averse newsvendor orders less than the profit-maximizing quantity. Moreover, the order placed by the expectation-based loss-averse newsvendor features plausible comparative statics of cost and price changes.
Further data
Item Type: | Article in a journal |
---|---|
Refereed: | Yes |
Keywords: | Behavioral operations management; Inventory decision; Loss aversion; Newsvendor |
Institutions of the University: | Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics VIII: International Competition Policy > Chair Economics VIII: International Competition Policy - Univ.-Prof. Dr. Fabian Herweg Faculties Faculties > Faculty of Law, Business and Economics Faculties > Faculty of Law, Business and Economics > Department of Economics Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics VIII: International Competition Policy |
Result of work at the UBT: | No |
DDC Subjects: | 300 Social sciences > 330 Economics |
Date Deposited: | 11 Feb 2015 09:26 |
Last Modified: | 01 Dec 2017 06:58 |
URI: | https://eref.uni-bayreuth.de/id/eprint/6673 |