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cost structures depend upon the buyer's bargaining power (opportunity cost). However, the winning supplier's investments … monopolist buyer. Such investments reduce the suppliers' variable costs of serving the buyer's demand. We show that an auction … mechanism does not always benefit the payment-minimizing buyer, the supply chain, or society. We identify scenarios where the …
Persistent link: https://www.econbiz.de/10014048217
Persistent link: https://www.econbiz.de/10014291725
Blockchain technology is firmly established in the public awareness as a revolutionary new technology underpinning cryptocurrency. However, its potential applications can be found across sectors and industries in providing a novel way of producing coordination necessary to transact online,...
Persistent link: https://www.econbiz.de/10012859083
Blockchain technology is firmly established in the public awareness as a revolutionary new technology underpinning cryptocurrency. However, its potential applications can be found across sectors and industries in providing a novel way of producing coordination necessary to transact online,...
Persistent link: https://www.econbiz.de/10012214932
Outsourcing decisions by organizations have strategic and operational implications. Strategically, understanding the market and competition is necessary to make effective outsourcing decisions. In this paper we recognize this concern and model the situation where an organization with quality and...
Persistent link: https://www.econbiz.de/10012724503
We examine the role of competition and mergers in bargaining by embedding a performance game, in which retail prices are determined by competition, into an axiomatic bilateral bargaining model, in which suppliers and retailers negotiate wholesale terms. We prove existence and uniqueness of what...
Persistent link: https://www.econbiz.de/10012896510
I explore the estimation of transferable utility matching games, encompassing many-to-many matching, marriage, and matching with trading networks (trades). Computational issues are paramount. I introduce a matching maximum score estimator that does not suffer from a computational curse of...
Persistent link: https://www.econbiz.de/10011884394
This paper examines the role of dual sourcing (e.g., outside options) in vertical and horizontal relations. In a bilateral monopoly market, if either the upstream or downstream firm has outside options, the other firm could lose from seemingly positive shocks, e.g., market expansion or...
Persistent link: https://www.econbiz.de/10010517178
advertising investment to maximize its profit. Retailers in turn consider the optimal local advertising and retail price to …
Persistent link: https://www.econbiz.de/10012757795
In this paper the well-known minimax theorems of Wald, Ville and Von Neumann are generalized under weaker topological conditions on the payoff function f and/or extended to the larger set of the Borel probability measures instead of the set of mixed strategies
Persistent link: https://www.econbiz.de/10014032778