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UID:227@dds.technion.ac.il

DTSTART;TZID=Asia/Jerusalem:20220615T113000

DTEND;TZID=Asia/Jerusalem:20220615T123000

DTSTAMP:20220807T120338Z

URL:https://dds.technion.ac.il/iemevents/the-effect-of-partial-vertical-ow
 nership-on-operational-decisions-and-information-exchange-in-a-supply-chai
 n/

SUMMARY:The effect of Partial Vertical Ownership on Operational Decisions a
 nd Information Exchange in a Supply Chain [	\n					Game Theory Seminar\n		
 			Seminars\n			\n	]
DESCRIPTION:By:  Tal Avinadav \n Advisors: \n Where: Bloomfield 424  and  Z
 OOM From:\nBar Ilan University\nAbstract:\n\nPartial vertical ownership de
 scribes a situation in which a firm holds financial shares either in its s
 upplier (referred to as partial backward integration) or in its customer (
 partial forward integration). We study the effect of such financial interc
 onnectedness on two operational decisions: capacity investment and informa
 tion exchange. In our model\, a retailer\, who has superior information ab
 out the future market demand\, possesses some level of passive financial h
 oldings in the supplier. Although this passive financial investment does n
 ot enable the retailer to directly influence the supplier’s operational 
 decisions\, it does affect the market equilibrium. Specifically\, financia
 l interconnectedness between the firms can result in the retailer financin
 g the entire capacity in the market. In addition\, we characterize the con
 ditions that ensure information between the retailer and the supplier can 
 be exchanged by “cheap-talk” communication. When “cheap talk” is n
 ot possible\, we study the separating equilibrium that is achieved by the 
 retailer’s commitment to order in advance. Interestingly\, this advance 
 order can be either decreasing or increasing with respect to the level of 
 the financial holdings.\n\n&nbsp\;\n\nZoom Link\n\nhttps://technion.zoom.u
 s/j/94175815347\n\n&nbsp\;\n\n&nbsp\;
CATEGORIES:Game Theory Seminar,Seminars
LOCATION:Bloomfield 424  and  ZOOM

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