Li, Hantao; Ritchken, Peter; Wang, Yunzeng - In: European Journal of Operational Research 197 (2009) 1, pp. 134-148
We investigate the role of forward commitments and option contracts between a seller (supplier) and a buyer (retailer) in the presence of asymmetric information. In our case, both parties face price and demand uncertainty but the retailer, being closer to the market, has additional information...