The paper extends the Kikuchi et al. (2018) production chain model to multiple upstream partners, proving uniqueness and global stability of equilibrium price via monotone concave operator theory, plus a fast grid algorithm and a stochastic extension.
, year 2016
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Equilibrium in Production Chains with Multiple Upstream Partners
The paper extends the Kikuchi et al. (2018) production chain model to multiple upstream partners, proving uniqueness and global stability of equilibrium price via monotone concave operator theory, plus a fast grid algorithm and a stochastic extension.