Trust is a sine qua non for trade. According to transaction cost economics, a contract always offers some opportunity to defect. In the case of asymmetric product information, wher...
Gert Jan Hofstede, Catholijn M. Jonker, Tim Verwaa...
This paper is focused on the coordination of order and production policy between buyers and suppliers in supply chains. When a buyer and a supplier of an item work independently, ...
This paper studies a queuing model in which a buyer sources a good or service from an single supplier chosen from a pool of suppliers. The buyer seeks to minimize the sum of her p...