Which is better for durable goods producers, exclusive or open supply chain?
Which is better for durable goods producers, exclusive or open supply chain?
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对于耐用品生产商来说,独家供应链和开放供应链哪个更好?
DOI:
10.1111/jems.12497
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发表时间:
2023
影响因子:
1.9
通讯作者:
Misato Sato
中科院分区:
文献类型:
--
作者:
Hiroshi Kitamura;Noriaki Matsushima;Misato Sato
We explore the supply chain problem of a downstream durable goods monopolist, who chooses one of the following trading modes: an exclusive supply chain with an incumbent supplier or an open supply chain, allowing the monopolist to trade with a new efficient entrant in the future. The expected retail price reduction in the future dampens the profitability of the original firms. An efficient entrant's entry magnifies such a price reduction, causing a further reduction of original firms' joint profits. In equilibrium, the downstream monopolist chooses the exclusive supply chain to escape further price reductions, although it expects efficient entry.