Lai, Guoming; Xiao, Wenqiang; Yang, Jun - In: Management Science 58 (2012) 10, pp. 1933-1951
Based on a supply chain framework, we study the stocking decision of a downstream buyer who receives private demand information and has the incentive to influence her capital market valuation. We first characterize a market equilibrium under a general, single buyback contract. We show that the...