Managing Dynamic Procurements

نویسندگان

  • Tracy R. Lewis
  • Huseyin Yildirim
  • Gian Luigi Albano
  • Giancarlo Spagnolo
چکیده

This chapter examines the optimal strategies in repeated procurement settings by large power buyers when there are costs to switching suppliers. It is found that buyers can use switching costs to their advantage. When switching costs are high, a buyer may credibly threaten to replace the incumbent supplier with the rivals. The policy implications of this finding for adoption of technology and firm organization are explored.

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تاریخ انتشار 2005