摘要
This paper investigates the impact of a secondary market, where retailers can buy and sell excess inventories, on the supply chain. We develop a two-period model with a single manufacturer and two retailers. At the beginning of the first period the retailers order and receive products from the manufacturer, but at the beginning of the second period, they can trade surplus products between themselves in the secondary market. We investigate the impact of the correlated dependence of retailers' demand on both the quantity effect and the allocation effect under the secondary market. Lastly, we study potential strategies for the manufacturer to increase sales with the existence of the secondary market.
This paper investigates the impact of a secondary market, where retailers can buy and sell excess inventories, on the supply chain. We develop a two-period model with a single manufacturer and two retailers. At the beginning of the first period the retailers order and receive products from the manufacturer, but at the beginning of the second period, they can trade surplus products between themselves in the secondary market. We investigate the impact of the correlated dependence of retailers' demand on both the quantity effect and the allocation effect under the secondary market. Lastly, we study potential strategies for the manufacturer to increase sales with the existence of the secondary market.
基金
Supported in part by the National Natural Science Foundation of China(Grant No.70071015,70231010)and China Postdoctoral Science Foundation
