Financial reorganization under bankruptcy reduces a firm’s debts to a serviceable level through negotiations overseen by courts. Academics have suggested using markets as an alternative to such negotiations, recognizing that equity holders and junior claimants have call options to buy the firm back from senior creditors. This paper further develops this market-based approach when claimants are ...

The demand for power keeps rising with rapid economic development and growth of industrialization. The frequent mismatch created between demand and supply can be mitigated by the use of energy buyback programs. This papermodels a buy-back programusing a periodic review joint pricing and inventory model, incorporating compensations and setup cost over finite planning horizons. It is shown that a...

Despite the popularity of financial compensation as a means for addressing trust violations, the question whether (more) money can indeed buy trust back remains largely unexplored. In the present research, we focus on the role of violation type and compensation size. The results of a scenario study and a laboratory experiment show that financial compensation can effectively promote the restorat...

The optimal contract and contract parameters are presented when a shipper and a capacitated transport service provider interact repeatedly to renew procurement agreements for one product in a multi period game. Three forms of contracts which enable credible information sharing are analyzed: a priceonly relational contract, a minimum purchase commitment or a quantity flexibility contract. A back...

The USA’s federally funded Conservation Reserve Program (CRP) has largely been successful in restoring many critical ecosystem functions to millions of acres through the conversion of vulnerable croplands to diverse perennial plant communities—primarily to perennial grass and forb plantings. CRP contracts, however, on as much as 6.5 million hectares (ha) are now expiring. Aside from leaving the...

Abstract Customers of many OEMs in business‐to‐business markets today demand product‐servicizing which instead buying the product from OEM they buy use a during lease. During lease, (i) customer uses and returns it to after reaches specific level, (ii) remanufactures costly process sends back customer, this usecycle is repeated multiple times. The lease terms typically involve use‐based payment...