A cumulative offer process for supply chain networks

Juan F. Fung () and Chia-Ling Hsu ()
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Juan F. Fung: University of Illinois at Urbana-Champaign
Chia-Ling Hsu: Southwestern University of Finance and Economics

Review of Economic Design, 2021, vol. 25, issue 1, No 4, 93-109

Abstract: Abstract We introduce a version of the Cumulative Offer Algorithm of Hatfield and Milgrom (Am Econ Rev 95(4):913–935, 2005) modified for the supply chain networks setting of Ostrovsky (Am Econ Rev 98(3):897–923, 2008). The algorithm provides an alternative proof for existence of a chain stable network. Moreover, we show that when choice functions satisfy same-side substitutes and cross-side complements, and the Law of Aggregate Demand and Supply, then contracts satisfy Irrelevance of Rejected Contracts condition, a condition implicitly assumed in Ostrovsky (2008).

Keywords: Supply chain networks; Matching with contracts; Market design (search for similar items in EconPapers)
JEL-codes: C78 D63 D85 L14 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/s10058-020-00238-z

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