Foundations of Buy-Back Contracts-厦门大学金融系

Foundations of Buy-Back Contracts
主讲人 Xiaojian Zhao 简介 <p>Abstract:</p> <p>This paper characterizes the optimal supply-chain contract from the perspective of incentive theory. most of the supply-chain literature takes the contractual form as given and investigates its implications and uses in various contexts.we show that when the retailer faces limited liability and privately observes demand,the optimal arrangement can be implemented by the familiar buy-back contract.under this contract,the retailer makes an upfront payment and sells unsold inventory back to the supplier at a price equal to the retailer's salvage value.the returns therefore serve as a screening tool that differentiates different types of retailers ex post</p> <p><a href="/EventsMgr/Upload/File/2014/11/20141124105654244.pdf">Paper download</a></p>
时间 2014-12-03(星期三)16:30-18:00 地点 N303 经济楼/Economics Building
讲座语言 English 主办单位 WISE-SOE
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主讲人简介 <p>Hong Kong University of Science and Technology</p> <p><a href="/EventsMgr/Upload/File/2014/11/20141124104213712.pdf">Prof. Xiaojian Zhao' CV</a></p> 期数 “WISE-SOE”2014秋季学期“高级经济学系列讲座”第十二讲(总第333讲)--微观领域
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