Supply Chain Coordination in Case of Asymmetric Information

Download or read book Supply Chain Coordination in Case of Asymmetric Information written by Guido Vogt and published by Springer Science & Business Media. This book was released on 2011-07-05 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Information sharing is frequently promoted as a mean to improve the supply chain performance. This work shows the results of behavioral experiments, in which the participants share private information in order to influence the contract terms in a Just-in-Time environment. It is shown that the impact of information sharing is ambiguous, and dependent on several factors, such as contract flexibility and complexity or the interacting behavioral types. The experimental results form the basis for a behavioral principal-agent model that gives valuable insights on how the interaction of trust, trustworthiness and the information sharing strategy impacts the supply chain performance.