In this paper, we examine the information content (firm specific) and information transfer (other firm) effects of share buy back announcements using a unique Australian data where the stated reason for the buy back is undervaluation of the firm's stock price. Consistent with the US studies, we find that such share buy back announcements signal positive information about the announcers and thei...

Budget constraints are commonly considered in real decision frameworks; however, the literature has rarely addressed the design of contracts for supply chains with budget-constrained members and in which capital costs are considered. In this article, we study supply chain coordination of budget-constrained members when a financial market is unavailable. We propose a revenue-sharing-and-buy-back...

When demand is uncertain, manufacturers and retailers often have private information on future demand, and such information asymmetry impacts strategic interaction in distribution channels. In this paper, we investigate a channel consisting of a manufacturer and a downstream retailer facing a product market characterized by short product life, uncertain demand, and price rigidity. Assuming the ...

E-commerce is reality. Millions of consumers buy goods or subscribe to services online. However, they are often presented with take-it-or-leave-it decisions: consumers must accept standard business terms and privacy policies as they are or the contract cannot be concluded. We explore the idea of letting the consumer cross out unwanted clauses online, giving back what was possible for offline co...

Second-hand market value is important for manufacturers in that it affects the profitability of both new product sales and end-of-life recovery. To gain a better understanding of second-hand market value, this paper presents an empirical study of buy-back price using laptop computers and mobile phones as examples. A thousand items that were on the market in recent years were examined, and their...

The buy-back rate offered by utilities for electrical energy produced by gridconnected photovoltaic power systems has recently been considered as an important parameter among different approaches for the deployment of such systems. This contribution summarises the different buy-back rate models as observed in the participating IEA member countries. The existing buy-back rate schemes for grid-co...