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Using a sample of long-term supply contracts collected from SEC filings, I show that hold-up concerns and information asymmetry are important determinants of contract design. Asymmetric information between buyers and suppliers leads to shorter term contracts. However, when longer duration...
Persistent link: https://www.econbiz.de/10013086012
We model retail-price recommendations (RPRs) as a communication device in vertical supply relations with private manufacturer information on production costs and consumer demand. With static trade, RPRs are irrelevant, and the equilibrium outcome is inefficient. With repeated trade, RPRs can...
Persistent link: https://www.econbiz.de/10012713876
We model non-binding retail-price recommendations (RPRs) as a communication device facilitating coordination in vertical supply relations. Assuming both repeated vertical trade and asymmetric information about production costs, we show that RPRs may be part of a relational contract,...
Persistent link: https://www.econbiz.de/10013144362
dependency. Buyer power driven by a reduced outside option of the upstream firm enhances the efficiency of vertical relations …, while buyer power due to an improved outside option of the downstream firm implies less efficient outcomes …
Persistent link: https://www.econbiz.de/10013144459
-it-or-leave-it propositions. Negotiation is nonexistent; we rely on our collective market power as consumers to regulate contracts’ content. But …
Persistent link: https://www.econbiz.de/10014167261
L'article présente les résultats d'une recherche sur le contrôle client-fournisseur en milieu industriel à partir de six études de cas. Quatre configurations de contrôle sont proposées en fonction de l'environnement achat des entreprises clientes. Pour chaque configuration, une...
Persistent link: https://www.econbiz.de/10008792697
L'article présente les résultats d'une recherche sur le contrôle client-fournisseur en milieu industriel à partir de six études de cas. Quatre configurations de contrôle client-fournisseur sont présentées dans une matrice en fonction de la dépendance réciproque entre le client et ses...
Persistent link: https://www.econbiz.de/10008792896
L'article présente les résultats d'une étude sur l'évolution des modes de contrôle entre clients et fournisseurs dans la vallée de la Maurienne dans les années quatre-vingt dix. Le contrôle social qui prévalait jusqu'alors a été remplacé par le contrôle par le marché. Dicté par la...
Persistent link: https://www.econbiz.de/10008532742
This article presents the results of a study on the evolution of modes of control between buyers and suppliers in the Maurienne valley in the nineties. The social control which had prevailed until then was replaced by a market control. Due to the rationalisation of the costs in the buying firms,...
Persistent link: https://www.econbiz.de/10011072085
This paper studies the interaction of information disclosure and reputational concerns in certification markets. We argue that by revealing less precise information a certifier reduces the threat of capture. Opaque disclosure rules may reduce profits but also constrain feasible bribes. For large...
Persistent link: https://www.econbiz.de/10010293967