This paper proposes that the issuer of a security should have the exclusive right to determine in which markets its securities will be traded. This is in contrast to the current regime, where markets can decide to trade securities unilaterally, without the issuer's consent. The trading regime of...

The bullwhip effect is the amplification of demand variability along a supply chain: a company bullwhips if it purchases from suppliers more variably than it sells to customers. Such bullwhips (amplifications of demand variability) can lead to mismatches between demand and production, and hence...

Worum es in diesem Buch geht -- Worum es in diesem Buch geht -- 1 Schnell oder tot -- 1 Prinzipien des Informationszeitalters -- 2 Wahrnehmung externer Information -- 3 Entscheidungsarchitektur -- 4 Interne Wissensverbreitung -- 5 Organisationaler Fokus -- 6 Unternehmensnetzwerke des...

We model a supply chain consisting of a production facility, a distribution center and two differentiated markets. Demand information is used to mitigate the effects of uncertainty in the output markets. We study the firm's operational performance under alternative business processes, comparing...

We study the effect of trading consolidation by examining the response of liquidity and stock price to the exercise of deep in-the-money corporate warrants. This enables a relatively clean test of the value of trading consolidation. The exercise at the warrant expiration is fully anticipated and...