Showing 31 - 40 of 76,957
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
award the entire production to a single supplier. We examine the effect of using multiple suppliers on investment incentives …This paper studies procurement contracts where a buyer can either divide full production among multiple suppliers or …. In a framework of generalized second-price auctions with pre-auction investment, we show that the optimality of split …
Persistent link: https://www.econbiz.de/10013129999
We study the incentives that agents have to invest in costly protection against cascading failures in networked systems. Applications include vaccination, computer security and airport security. Agents are connected through a network and can fail either intrinsically or as a result of the...
Persistent link: https://www.econbiz.de/10012972575
Persistent link: https://www.econbiz.de/10014291725
award the entire production to a single supplier. We examine the effect of using multiple suppliers on investment incentives …This paper studies procurement contracts where a buyer can either divide full production among multiple suppliers or …. In a framework of generalized second-price auctions with pre-auction investment, we show that the optimality of split …
Persistent link: https://www.econbiz.de/10010574286
This paper examines the effect of salvage market on strategic technology choice and capacity investment decision of two … of capacity investment: flexible firm makes decision about general and specific components' capacity and inflexible firm …
Persistent link: https://www.econbiz.de/10013107880
We employ novel methods to investigate optimal project management in a setting plagued by unavoidable setbacks. The contractor can cover up delays from shirking either by making false claims of setbacks or by postponing the reports of real ones. The sponsor induces work and honest reporting via...
Persistent link: https://www.econbiz.de/10013246629
This paper examines the effect of salvage market on strategic technology choice and capacity investment decision of two … of capacity investment: flexible firm makes decision about general and specific components’ capacity and inflexible firm …
Persistent link: https://www.econbiz.de/10011257966
We show that financial advisors recommend more costly products to female clients, based on minutes from about 27,000 real-world advisory meetings and client portfolio data. Funds recommended to women have higher expense ratios controlling for risk, and women less often receive rebates on upfront...
Persistent link: https://www.econbiz.de/10012603377
This paper complements the traditional theory of teams (Fama (1980), Holmstrom (1982a,b)) by introducing endogenous team formation by agents who are concerned with their reputations and are informed about the types of their potential teammates. Such a situation leads to a tradeoff between...
Persistent link: https://www.econbiz.de/10012734472