NDLI: Research on Markdown Money Contract with a Loss-Averse Supplier under the Asymmetric Information

Content Provider	IEEE Xplore Digital Library
Author	Liu Heng Pan Jing-ming Tang Xiao-wo
Copyright Year	2010
Abstract	Under the prospect theory and the principal-agent theory, this paper studies the markdown money contract under asymmetric information when the supply chain is composed of a risk neutral retailer and a loss-averse supplier. It studies the order behaviors of the retailer when the information of retailer’s sale cost is symmetric and asymmetric to the supplier respectively. It finds out within the markdown money contract that the supplier can know the true retailer’s sale cost through the order behavior choice of retailer and that the order quality under the condition when the information of retailer’s sale cost is say-metric to the supplier is lower than the optimized quality of the system. At last, a numerical simulation is done.
Starting Page	3255
Ending Page	3259
File Size	317016
Page Count	5
File Format	PDF
e-ISBN	9781424466474
DOI	10.1109/ICEE.2010.819
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2010-05-07
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Asymmetric information Supply chain Prospect theory Markdown money contract Biological system modeling Supply chains Marketing and sales Modeling Artificial intelligence Principal-agent theory Contracts
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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Research on Markdown Money Contract with a Loss-Averse Supplier under the Asymmetric Information