Supply Chain Coordination in Case of Asymmetric Information : Information Sharing and Contracting in a Just-in-Time environment

Online-Ressource (XXVII, 181p. 58 illus, digital)

Lecture Notes in Economics and Mathematical Systems ; 650

Includes bibliographical references

CONTENTS; 1 Introduction; 2 Supply Chain Coordination in Case of Asymmetric Information; 2.1 Contracting Under Asymmetric Information: BasicDefinitions, Assumptions and Concepts; 2.2 The Strategic Lotsizing Framework: Using Screening Contractsin Adverse Selection Models; 2.3 Benefits and Pitfalls of Information Sharing Under AsymmetricInformation; 2.4 Supply Chain Interactions Under Asymmetric Information:Literature Review; Appendix; 3 On the Impact of Fixed Cost Reduction in the Strategic LotsizingFramework; 3.1 Moving Towards Just-in-Time

3.2 Fixed Cost Reduction in the Strategic Lotsizing Framework3.3 Overinvestment in Fixed Cost Reduction due to AsymmetricInformation; 3.4 Example: Convex Investment Function; 3.5 Conclusion and Managerial Insights; Appendix; 4 The Impact of Information Sharing on the Effectivenessof Screening Contracts: A First Laboratory Experiment; 4.1 Behavioral Studies in Supply Chain Coordinationwith Contracts; 4.2 Experimental Design and Implementation; 4.3 Do Suppliers React to the Shared Information?; 4.4 Are Buyers Screened Successfully?; 4.5 Is Information Sharing Cheap Talk?

4.6 Does Information Sharing Enhance Supply Chain Performance?4.7 Conclusion and Managerial Insights; Appendix; 5 The Impact of Contract Complexity, Supply Chain Configuration,and Out-of-Equilibrium Behavior on the Effectivenessof Information Sharing: A Second Laboratory Experiment; 5.1 Experimental Design and Implementation; 5.2 Experimental Results; 5.3 Performance Impact; 5.4 Conclusion and Managerial Insights; Appendix: Sample Instruction (Translation into English); 6 A Behavioral Model on the Effects of Information Sharingon Supply Chain Performance; 6.1 Honesty in Principal-Agent Models

6.2 The Impact of Communication, Trust, and Trustworthinesson Supply Chain Performance6.3 The Impact of Unconditioned Information Sharing; 6.4 Impact of Strategic Information Sharing; 6.5 Conclusion and Managerial Insights; Appendix: Proof of Theorems; 7 Conclusion and Outlook; 7.1 Different Kinds of Asymmetric Information and SupplyChain Interactions; 7.2 Signaling Contracts and Other Mechanisms; 7.3 Model Extensions; References

10.1007/978-3-642-20132-5 [DOI]

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