منابع مشابه
On the Right - of - first - refusal ∗
When the seller of an asset grants a right-of-first-refusal to a buyer, this special buyer has the opportunity to purchase the asset at the best price the seller can obtain from the other potential buyers. We show that the right-of-first-refusal is inefficient, and it benefits the special buyer at the expense of the seller and other buyers. In a private values model, the benefit from granting a...
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We consider a dynamic inventory (production) model with general order (production) costs and excess demand that can be backordered or refused by the rm. A unit backordered incurs a backorder cost, a unit refused incurs a lost sales charge. Endogenizing the sales decision is necessary in the presence of general convex order costs so that the rm is not forced to backorder a unit whose subsequent ...
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ژورنال
عنوان ژورنال: The University of Chicago Law Review
سال: 2001
ISSN: 0041-9494
DOI: 10.2307/1600407