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We examine a supply base diversification problem faced by a buyer who periodically holds auctions to award short term supply contracts among a cohort of suppliers (i.e., the supply base). To mitigate significant cost shocks to procurement, the buyer can diversify her supply base by selecting...
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Many online retail channels face high rates of product returns. This poses a new challenge to the sellers' dynamic pricing problem when some returns in good condition can be resold in the selling season. To study the impact of product returns and guide sellers to adjust pricing policies, we...
Persistent link: https://www.econbiz.de/10012913359
A long-standing interest in the technology strategy domain has been the question of the failure of incumbent firms in the face of radical technical change. We add to these prior contributions by highlighting the role a firm’s existing set of complementary assets have in influencing its...
Persistent link: https://www.econbiz.de/10014043908
While offshore outsourcing has become an important strategy to lower production costs among Western firms, it gives rise to the phenomenon of value chain climbing – suppliers in emerging markets can develop capabilities by supplying, with aspirations to compete with the buyers in the product...
Persistent link: https://www.econbiz.de/10013033561
With the popularization of ride-sharing services, drivers working as freelancers on ride-sourcing platforms can design their schedules flexibly. They make decisions regarding whether to participate in work, and if so, how many hours to work. Understanding flexible labor supply behaviour is...
Persistent link: https://www.econbiz.de/10012890162
With the popularization of ride-sharing services, drivers working as freelancers on ride-sharing platforms can design their schedules flexibly. They make daily decisions regarding whether to participate in work, and if so, how many hours to work. Factors such as hourly income rate affect both...
Persistent link: https://www.econbiz.de/10014032897
We study matching over time with short- and long-lived players who are very sensitive to mismatch. To characterize the mismatch, we model players' preferences as uniformly distributed on a circle, so the mismatch between two players is characterized by the one-dimensional circular angle between...
Persistent link: https://www.econbiz.de/10012847622
This paper studies the role of seekers' problem specification in crowdsourcing contests for design problems. Platforms hosting design contests offer detailed guidance for seekers to specify their problems when launching a contest. Yet, problem specification in such crowdsourcing contests is...
Persistent link: https://www.econbiz.de/10012897907