Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule
نویسندگان
چکیده
منابع مشابه
Optimal Long-Term Supply Contracts with Asymmetric Demand Information
We consider a manufacturer selling to a retailer with private demand forecast information arising dynamically over an infinite time horizon. We show that the manufacturer’s optimal dynamic long-term contract takes a simple form: in the first period, based on her private demand forecast, the retailer selects a wholesale price and pays an associated upfront fee, and, from then on, the two parties...
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15 صفحه اولTechnical Note - Optimal Long-Term Supply Contracts with Asymmetric Demand Information
We consider a manufacturer selling to a retailer with private demand information arising dynamically over an infinite time horizon. Under a backlogging model, we show that the manufacturer’s optimal dynamic long-term contract takes a simple form: in the first period, based on her private demand forecast, the retailer selects a wholesale price and pays an associated upfront fee, and, from then o...
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 1977
ISSN: 0022-3808,1537-534X
DOI: 10.1086/260551