• 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