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In recent years, mobile communications technologies and online sharing platforms have made collaborative consumption among consumers a major trend in the economy. Consumers buy many products but end up not fully utilizing them. A product owner's self-use values can differ over time, and in a...
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This paper studies information sharing in a distribution channel where the manufacturer possesses better demand-forecast information than the downstream retailer. We examine three information-sharing formats: no information sharing (i.e., the manufacturer ex ante commits to not sharing its...
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In recent decades, manufacturers have relied on giant retailers or e-tailers to distribute their products. Given this evolution, some retailers have started demanding a Profit-Margin-Guarantee contract (PMG contract), under which the manufacturer must ensure that the retailer’s profit margin...
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The extant literature has well documented consumers' fairness concerns. For example, when a firm charges a higher price than what's considered fair (a reference point), some consumers may experience some psychological disutility when buying from the firm. This paper studies a channel where the...
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