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We study dynamic price competition in an oligopolistic market with a mix of substitutable and complementary perishable assets. Each firm has a fixed initial stock of items and competes in setting prices to sell them over a finite sales horizon. Customers sequentially arrive at the market, make a...
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Around the start of this new millennium, scholars in the operations management/operations research field started to make important contributions to the study of price competition models. In this tutorial, we review these contributions, and partition them into five broad areas. Most of the...
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Existing literature on dealer liquidity provision and inventory management has focused on dealer inventory costs. I … the relative impact of the inventory benefit and costs on the pricing of dealer liquidity provision and inventory … is on average 4.8 basis points larger than the inventory costs. The result is reversed during the crisis, when dealers …
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Established findings suggest that strategic inventory may alleviate double marginalization and improve the efficiency of a decentralized distribution channel. In this paper, we examine the effect of strategic inventory in the presence of chain-to-chain competition. We show that as the...
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