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Using a vertically related multi-layer newsvendors framework this paper analyzes the impacts of market uncertainties and asymmetric information between firms at successive stages of a supply chain on their optimal stocking (and/or pricing) decisions. The asymmetric information along the supply...
Persistent link: https://www.econbiz.de/10012861175
supplier privileged with private information about supply disruption risk. The supplier's initial reliability, asymmetric to …
Persistent link: https://www.econbiz.de/10012838902
). Under the latter encroachment, the retailer may choose to share his private demand information with the supplier, but the … channel selection. We show that under the commission channel, a quantity leader retailer always shares his demand information … with the supplier; however, if the retailer is the quantity follower, he may have no incentive to share his demand …
Persistent link: https://www.econbiz.de/10012837849
A critical assumption in the vast literature on inventory management has been that the current level of inventory is known to the decision maker. Some of the most celebrated results such as the optimality of base-stock policies have been obtained under this assumption. Yet it is often the case...
Persistent link: https://www.econbiz.de/10012838110
Crowdfunding is a new and popular way of funding innovative products. Despite numerous advantages, there are challenges to this model, chief among them credibly signaling information about product quality to a pool of small, uninformed investors. We explore how an entrepreneur might accomplish...
Persistent link: https://www.econbiz.de/10012902537
information asymmetry, this study sharpens our understanding of dual-channel theory and practice …
Persistent link: https://www.econbiz.de/10012822871
Consider a buyer and a seller who have agreed to trade an intermediate good. It is ex-post efficient to adapt the good to the prevailing state of the world. The seller has private information about the costs of adapting the good. In the case of non-integration, the buyer has no possibility to...
Persistent link: https://www.econbiz.de/10013236062
-cooperative game under asymmetric information. In this game, each firm, upon being privately informed about its demand rate (or …
Persistent link: https://www.econbiz.de/10013036613
evaluate the effects of the supplier's reservation profit, the retail price, and the demand uncertainty on the optimal contract …
Persistent link: https://www.econbiz.de/10012755263
This paper studies how asymmetric information over inputs affects workers' response to incentives and self-selection at the workplace. Using daily records from a Peruvian egg production plant, we exploit a sudden change in the worker salary structure and find that workers' effort, firm profits,...
Persistent link: https://www.econbiz.de/10012147088