Behavioral Models to Explain Supply Chain Contracting Decisions

In this paper we develop behavioral models involving risk-aversion, loss-aversion, inventory error aversion and social preferences in order to explain both the manufacturer and the retailer’s contracting behavior. Our aim is to come up with better explanations of the retailer and manufacturer behavior observed in the experimental study of Akbay and Kaya (2016), than standard theory

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Year of publication:	[2021]
Authors:	Akbay, Ummuhan ; Kaya, Murat
Publisher:	[S.l.] : SSRN
Subject:	Lieferkette \| Supply chain \| Verhaltensökonomik \| Behavioral economics \| Entscheidung \| Decision \| Vertragstheorie \| Contract theory \| Lieferantenmanagement \| Supplier relationship management

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