DocumentCode :
3507512
Title :
Study on Ex-Post Verifiable Adverse Selection in Supply Chain with Long-Term Cooperation Prospect
Author :
Zhang Jian-jun ; Zhao Jin ; Huo Jia-zhen
Author_Institution :
Sch. of Econ. & Manage., Tongji Univ., Shanghai
fYear :
2007
fDate :
21-25 Sept. 2007
Firstpage :
4876
Lastpage :
4880
Abstract :
The thesis firstly studies how to coordinate a one-off supply chain involving decision-maker´s adverse selection which is described under common hypothesis, and finds a Second-Best coordination model which is the best choice on such an occasion. Thereafter, extending the one-off relationship to a long-term cooperation, the thesis reveals that repeated Stackelberg Games between the upper and the lower have influence on supply chain coordination with adverse selection in a long-term background: if the agent´s (retailer´s) private information of one season is associated with that of others, and is likely to be verified in next season, then whether the supply chain can be optimally coordinated depends on the probability of the private information being post-verified, the retailer´s information rent, reservation utility which is yielded when without the cooperation, and his income in symmetry information background. The thesis provides corresponding quantitative descriptions for these conclusions respectively.
Keywords :
decision making; game theory; probability; retailing; supply chain management; decision-making; ex-post verifiable adverse selection; long-term cooperation prospect; probability; repeated Stackelberg game; reservation utility; retailer information rent; retailer private information; second-best coordination model; supply chain coordination model; Appraisal; Contracts; Costs; Economic forecasting; Ethics; Hazards; Probes; Supply chain management; Supply chains; Warranties;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Wireless Communications, Networking and Mobile Computing, 2007. WiCom 2007. International Conference on
Conference_Location :
Shanghai
Print_ISBN :
978-1-4244-1311-9
Type :
conf
DOI :
10.1109/WICOM.2007.1195
Filename :
4340970
Link To Document :
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