I develop a simple contract-theoretic model of multi-stage economies to address the nexus between trade credit, bank credit and balance-sheet contagion. First, I show that competitive markets in which heterogeneous price-taker firms compete strategically by setting trade credit settlements have...

I develop a simple contract-theoretic model of multi-stage economies to address the nexus between trade credit, bank credit and balance-sheet contagion. First, I show that competitive markets in which heterogeneous price-taker firms compete strategically by setting trade credit settlements have...

COVID-19 threatens global supply chains, as reflected by trade credit volumes. We use Sweden, and its choice to not lock-down, as part of our identification strategy. When firms are allocated into groups based on their distance to end-consumers, we find that the flow of trade credit in Sweden...

Supply chain management in Asia is a relatively new topic but is a key challenge for all Asiabased manufacturers and traders trying to integrate into the "global market." The purpose of this paper is to describe key supply chain issues faced in Asia. Many of these issues are related to the...

This paper incorporates the interdisciplinary New Institutional Economics in a comprehensive framework for analyzing risk management in the agri-food sector. First, it specifies the diverse types of agri-food risks (natural, technical, behavioral, economic, policy, etc.) and the modes of their...

The system of global agricultural and food trade is undergoing rapid processes of change, with important implications for economic development. In this paper we document and discuss these changes; including the rapid growth and structural change in agri-food trade, the increased consolidation in...

Im Mittelpunkt der Serien- oder Sortenfertigung steht die Frage, wie häufig der Materialfluss unterbrochen werden muss und welche geschlossene Auftragsmenge eines Produktes jeweils hergestellt wird, es tritt also die Aufgabe auf, die kostenoptimierte Losgröße zu ermitteln. Lagerkosten,...

There is an emerging body of literature analyzing how smallholder farmers in developing countries can be linked to modern supply chains. However, most of the available studies concentrate on farm and farmer characteristics, failing to capture details of institutional arrangements between farmers...

The dairy sector is among the most fundamentally affected by post-communist transition and EU integration of Bulgaria. This paper presents the dairy chain management in the country at current present stage of development. First, it analyses the state and forms of dairy value chain management...

Supply chain management in Asia is a relatively new topic but is a key challenge for all Asia-based manufacturers and traders trying to integrate into the “global market.” The purpose of this paper is to describe key supply chain issues faced in Asia. Many of these issues are related to the...