This research examines the behavior of manufacturers and retailers in the presence of merchandising allowances. Merchandising allowances are fees manufacturers pay retailers to encourage them to allocate certain in-store promotional activities to the manufacturers’ brand. According to estimates, retailers collect billions of dollars in these allowance payments annually. Using a three-stage game...

The Monthly Wholesale and Retail Trade Survey (MWRTS) is one of the mission critical surveys conducted by Statistics Canada (SC). It collects monthly retail and wholesale sales and inventories at the industrial and geographical levels. On a valueadded basis, these two industries constitute approximately 12% of the Gross Domestic Product (GDP). It uses the same sample month after month with the ...

In recent years, a number of mergers have occurred in the petroleum industry involving upstream firms that are imperfectly integrated into retail markets. In order to empirically evaluate the competitive effects of such mergers, this paper proposes a structural model of supply and demand that reflects divisions between upstream producers and downstream retailers. Neither downstream costs includ...

This paper describes an application of multi-agent systems to economics. The issue we address in our work is the actual functionning of a distributed market in terms of information acquisition for agents. We show here possible links between individual information acquisition and global results in the fluidity of exchanges. A multi-agent model has been built on the basis of field observations an...

The purpose of this article is to investigate the impact that the introduction of a carbon price signal will have on wholesale electricity prices, carbon-pass-through rates and retail electricity rates in the states making up the Australian National Electricity Market (NEM). In order to assess this, we employ an agent based model of the NEM called the ANEM model which contains many of the salie...

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...

This article examines the feasibility of allowing private industries such as grocery stores, wholesale clubs, and community immunizers to partner with public health authorities for the mass distribution of vaccines or antibiotics. Retail grocery and wholesale stores already have experience with annual influenza vaccination and may be a resource in a public health emergency, including a bioterro...

Currently, Eurodollars and fed funds markets combined trade about $220 billion in funds daily, the vast majority of which with overnight tenor. In this paper, we document several features of these wholesale unsecured dollar funding markets. Using daily confidential data on wholesale unsecured borrowing and reserve balances, we show that foreign banks, which make up most of the trading volumes i...

We study the effects of credit risk in a supply chain where one retailer deals with competing risky suppliers who may default during their production lead-times. The suppliers, who compete for business with the retailer by establishing wholesale prices, are leaders in a Stackelberg game with the retailer. The retailer, facing uncertain future demand, chooses order quantities while weighing the ...

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...