Innovation and waste in supply chain management

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2013
Volume: 86
Issue: C
Pages: 191-199

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We study a supply chain relationship in which the buyer outsources production of a component to the supplier. The buyer also produces a component and combines it with the supplier's input to yield the final output. The supplier can upgrade production of his input via costly innovation. Neither the supplier's effort for innovation nor the result of the innovative activity can be publicly verified. We show that, when the cost of innovation is large, the buyer's optimal contract may induce ‘wasting’ a fraction of the supplier's input.

Technical Details

RePEc Handle
repec:eee:jeborg:v:86:y:2013:i:c:p:191-199
Journal Field
Theory
Author Count
2
Added to Database
2026-01-28