We consider two−echelon supply chains with one supplier and two retailers. Retailers are censored newsvendors facing general parametric demand distributions involving unknown parameters. Using a Bayesian MDP formulation, we investigate how the supplier can make use of the combined information gathered from the retailers’ sales data to increase channel pro ts. We compare among the following thre...

Weak enforcement of international contracts can substantially reduce international trade. We develop a model where agents build reputations to overcome the difficulties that this institutional failure causes in a context of incomplete information. The model describes the interplay between institutional quality, reputations and the dynamics of international trade. We find that the conditional pr...

Showrooming is a phenomenon when customer views product at physical store, but buys it online from the same store’s website or competitor’s website. In this paper, we develop economic models of price competition between traditional retailer and an under showrooming behaviour. Our results indicate that hurts benefits in terms sales volumes profits. The combined offline market expands showrooming...

We value the option of subcontracting to improve Þnancial performance and system coordination by analyzing a competitive stochastic investment game with recourse. The manufacturer and subcontractor decide separately on their capacity investment levels. Then demand uncertainty is resolved and both parties have the option to subcontract when deciding on their production and sales. We analyze and ...

Internet-based affiliate marketing programs have emerged as one of the fastest-growing methods for online retailers to acquire customers and increase sales by tapping into the power of independent web sites to reach a large, diverse audience of potential customers. However, while these programs have proven effective in increasing website traffic and sales, illegal or inappropriate activities on...

While Carbon Dioxide based Enhanced Oil Recovery (CO2 -EOR) is often regarded as one of the most economically viable methods carbon capture, utilization and storage (CCUS), little known about existing CO2 supply contracts in -EOR industry. By studying a sample 103 sales U.S. 1980s 1990s, this paper aims to find out what drives key terms these contracts. In particular, special price adjustment c...

We show that banks' lending exposure to firms with government procurement contracts can amplify the diabolic loop between sovereigns and banks. Using fiscal austerity measures implemented during 2010-2011 European sovereign debt crisis as a shock procurement, we find banks higher these reduced significantly more than lower exposure, controlling for firm-specific credit demand. The reduction in ...

At present many markets may be viewed as multisided with platforms where different groups of agents interact. However, aspects these are still not thoroughly studied, including the competition between goal to increase user base. As noted in theoretical works, due phenomenon zero prices, non-price factors play a leading role on such markets. Among others importance exclusive contracts is highlig...