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Analysis on Logistic Contract for FPLs Two-sided Bargaining Game in Agricultural Product Financing

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  • Peng Xu

Abstract

Agricultural product financing has an important practical significance to expand application scope of inventory financing. However, agricultural products are perishable, seasonal, difficult to transport and storage etc., which requires that agricultural product financing depends on higher level logistic service providers. Therefore, this paper introduces the fourth-party logistics (FPLs) with the ability of resource integration and scheme optimization into the model. Aim to price determination of logistics tasks in agricultural product financing, this paper analyzes the issue between FPLs and banks and TPLs (third-party logistics) under asymmetric information by using Rubinstein bargaining game theory. The study finds that FPLs¡¯ offer is regardless of their own patience, banks¡¯ offer and TPLs¡¯ offer are related to their own cost of competing logistics tasks, and FPLs¡¯ bargaining order will affect their offer.

Suggested Citation

  • Peng Xu, 2016. "Analysis on Logistic Contract for FPLs Two-sided Bargaining Game in Agricultural Product Financing," Business and Management Research, Business and Management Research, Sciedu Press, vol. 5(3), pages 30-35, September.
    • Handle: RePEc:jfr:bmr111:v:5:y:2016:i:3:p:30-35
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    References listed on IDEAS

    as
    1. Esa Jokivuolle & Samu Peura, 2003. "Incorporating Collateral Value Uncertainty in Loss Given Default Estimates and Loan‐to‐value Ratios," European Financial Management, European Financial Management Association, vol. 9(3), pages 299-314, September.
    2. repec:bla:ecnote:v:32:y:2003:i:2:p:243-282 is not listed on IDEAS
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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