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The role of strategic delay is analyzed in an infinite-horizon alternating-offer model of bargaining. A buyer and seller are
engaged in the trade of a single object. Both bargainers have private info...
This paper examines the empirical validity of a model of homogeneous input
demand under price uncertainty in which firms trade off expected input cost
against its variability (risk) in selecting t...
Inventories, Return Policy, and Equilibrium Price Dispersion under Demand Uncertainty
Returns policy demand uncertainty oligopoly
2008/1/17
AbstractReturns policies are often thought of as devices to prevent a manufacturer’s product from being discounted. It is commonly argued that such discounting discourages inventory holdings, and ther...