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assumptions, equilibrium prices for any multiechelon assembly network are characterized by a system of linear equations. We derive … closed-form expressions for equilibrium quantities and prices in any two-stage system (i.e., a system with multiple input …
Persistent link: https://www.econbiz.de/10009197945
expected marginal cost of delay to preclude the greedy behavior and ensure a stable equilibrium. …
Persistent link: https://www.econbiz.de/10009191469
equilibrium solution to facilitate development of recommendations for practicing managers. Finally, we characterize situations in …
Persistent link: https://www.econbiz.de/10009191581
buyers' order profiles to suppliers' cost structures is the main source of supply chain coordination benefit in this many … supplier's cost structure changes. The winning supplier, at the equilibrium of price competition, offers the lowest price of …
Persistent link: https://www.econbiz.de/10009197659
lacking, with the agent's own subjective assessments. A self--confirming equilibrium arises when agents' subjectively rational … actions generate events that are consistent with their own expectations. Equilibrium strategies may be suboptimal because … certain counterfactual beliefs may be erroneous and yet fail to be contradicted by events observed in equilibrium. This …
Persistent link: https://www.econbiz.de/10009198252
always the best response to competition--flexible and dedicated technologies may coexist in equilibrium. We demonstrate that …
Persistent link: https://www.econbiz.de/10009208989
the equilibrium of the two-stage game under a general symmetric demand function. With strategic interaction between firms …, a firm may choose NPLP as the equilibrium pricing strategy. In particular, when the second stage is a leader … NPLP occurs in equilibrium depends on the nature of coupling between demand interdependence and vertical strategic …
Persistent link: https://www.econbiz.de/10009208990
study the equilibrium behavior of such systems in the specific context of pricing and capacity sizing under revenue and …
Persistent link: https://www.econbiz.de/10009214294
The overuse of its currency processing facilities by depository institutions (DIs) has motivated the Federal Reserve (Fed) to impose its new cash recirculation policy. This overuse is characterized by the practice of cross-shipping, where a DI both deposits and withdraws cash of the same...
Persistent link: https://www.econbiz.de/10009191302
administer, then the coordination of the supply chain and the arbitrary allocation of its profit is possible. Several limitations …
Persistent link: https://www.econbiz.de/10009191918