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Incentives Through Inventory Control in Supply Chains
Qu, Zhan - 2017
The paper shows that taking inventory control out of the hands of competitive or exclusive retailers and assigning it to a manufacturer increases the value of a supply chain especially for goods whose demand is highly volatile. This is because doing so solves incentive distortions that arise...
Persistent link: https://www.econbiz.de/10012942349
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Inventory Control and Intermediation in Global Supply Chains
Qu, Zhan - 2015
The paper develops a simple theoretical model of inventory control in global supply chains. It identifies a role for intermediaries in managing inventory, and shows that inserting an intermediary as an additional link in a supply chain is profitable when demand volatility is high. It also...
Persistent link: https://www.econbiz.de/10013024674
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Discrimination in Dynamic Procurement Design with Learning-by-Doing
Barbosa, Klenio; Boyer, Pierre - 2021
Discriminatory programs that favor local and small firms in government procurement are common in many countries. This … paper studies the long-run impact of procurement discrimination on market structure and future competition in industries … where learning-by-doing makes incumbent firms more efficient over time. We consider a sequential procurement design problem …
Persistent link: https://www.econbiz.de/10013315854
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A Look Upstream : Electricity Market Restructuring, Risk, Procurement Contracts and Efficiency
Di Maria, Corrado - 2015
investigate the impact this change in procurement contracts has on efficiency. Focusing on coal mines, we find that those selling …
Persistent link: https://www.econbiz.de/10013030481
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Greasing the Wheels of International Commerce : How Services Facilitate Firm's International Sourcing
Debaere, Peter; Görg, Holger; Raff, Horst - 2021
We use unique plant-level data to study the link between the local availability of services and the decision of manufacturing firms to source materials from abroad. To guide our empirical analysis we develop a monopolistic-competition model of the materials sourcing decisions of heterogeneous...
Persistent link: https://www.econbiz.de/10013316255
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Going Deep : The Trade and Welfare Effects of TTIP
Aichele, Rahel - 2015
Since July 2013, the EU and the US have been negotiating a preferential trade agreement (PTA), the Transatlantic Trade and Investment Partnership (TTIP). We use a multi-country, multi-industry Ricardian trade model with national and international input-output linkages to quantify its potential...
Persistent link: https://www.econbiz.de/10013030303
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Elections and Market Provision of Information
Bruns, Christian - 2013
Economists usually think that rational voters have little incentives to acquire costly information. We present a theoretical model to show that, in contrast to this widely held belief, rational voters acquire considerable amounts of information if media technology is available because then they...
Persistent link: https://www.econbiz.de/10013087270
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How to Share it Out : The Value of Information in Teams
Gershkov, Alex - 2014
We study the role of information exchange, leadership and coordination in team or partnership structures. For this purpose, we view individuals jointly engaging in productive processes — a ‘team' — as endowed with individual and privately held information on the joint production process....
Persistent link: https://www.econbiz.de/10013049204
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The Information Value of Central School Exams
Schwerdt, Guido - 2015
The central vs. local nature of high-school exit exam systems can have important repercussions on the labor market. By increasing the informational content of grades, central exams may improve the sorting of students by productivity. To test this, we exploit the unique German setting where...
Persistent link: https://www.econbiz.de/10013020502
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Optimal Regulation of Auditing
Pagano, Marco; Immordino, Giovanni - 2021
We study regulation of the auditing profession in a model where audit quality is unobservable and enforcing regulation is costly. The optimal audit standard falls short of the first-best audit quality, and is increasing in the riskiness of firms and in the amount of funding they seek. The model...
Persistent link: https://www.econbiz.de/10013317070