The supply chain contracting literature has focused on incentive contracts designed to align supply chain members’ individual interests. A key finding of this literature is that members’ preferences for contractual forms are often at odds: the upstream supplier prefers relatively complex...

The supply chain contracting literature has focused on incentive contracts designed to align supply chain members' individual interests. A key finding of this literature is that members' preferences for contractual forms are at odds: the upstream supplier prefers more complex contracts that can...

In supply chain transactions, members care how profit is distributed as well as their own payoff. A retailer prefers fairness when he earns less than his supplier. While existing research focuses on fairness in the vertical competition between an upstream supplier and a downstream retailer, this...

Extensive studies have revealed that newsvendor decisions by human decision-makers are often biased by cognitive limitations, and, therefore, fail to achieve optimal profits prescribed by normative models. These biases are typically considered liabilities in individual inventory decision-making,...