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Under the prospect theory and the principal-agent theory, this paper studies the markdown money contract under asymmetric information when the supply chain is composed of a risk neutral retailer and a loss-averse supplier. It studies the order behaviors of the retailer when the information of retailer's sale cost is symmetric and asymmetric to the supplier respectively. It finds out within the markdown...
Each entity has independent decision right in the supply chain. Incentive for each entity is the main reason for the inefficiency in the system under asymmetric information. Supplier can encourage retailer to declare its real type of selling cost by designation for credit period contract in the two-echelon supply chain. So, individual member reaches win-win, meanwhile, the supply chain whole efficiency...
This paper researched the game between the supplier and the retailer when the retailer invests to the supplier with analysis frame work of principal-agent theory under asymmetric information, and compared the decision result under asymmetric information with symmetric information. At the same time, this paper analyzed different parameter, such as the ability level coefficient of the supplier, the...
Coordination issue is addressed in a supply chain with uncertain demand. The chain consists of one upstream supplier and one downstream retailer, both of whom are risk-averse, and the supplier isn't quite aware of the retailer's risk aversion structure. The supplier's optimal contracts under full information and asymmetric information are derived and compared to investigate the impact of risk aversion...
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