Stackelberg game model of capacity options for air cargo under risk aversion
风险规避下的航空货运期权定价Stackelberg博弈模型

The two stage Stackelberg model is established based on the assumption that freight forwarders are risk aversion.Then the article analyzes the optimal pricing of the airfreight carrier and the optimal option order quantity and option purchase quantity of the intermediary.The analysis shows that air cargo industry under risk aversion applying option contracts can effectively avoid the risk of cost increasing and spot price rising and can increase revenue of the whole system and further achieve the Pareto opt...