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The Impact of Information Sharing on the Effectiveness of Screening Contracts: A First Laboratory Experiment

In: Supply Chain Coordination in Case of Asymmetric Information

Author

Listed:
  • Guido Voigt

    (Otto-von-Guericke University Magdeburg)

Abstract

The following section analyses, if the strategic use of private information is observable in an experimental setting, and which role communication plays for supply chain coordination. Section 4.1 briefly introduces the relevant experimental work of supply chain coordination with contracts. Section 4.2 shows how the strategic lotsizing model can be implemented in a laboratory experiment. The results of the experiments are presented in Sects. 4.3–4.6. First, Sect. 4.3 investigates the impact of information sharing on the suppliers’ contract offers. Then, Sect. 4.4 analyzes the buyers’ contract choice behavior, answering the question if information revelation takes place via contract choices. In contrast, Sect. 4.5 evaluates the truthfulness of the buyers’ reports as well as the consistency between reports and contact choices. Afterwards, Sect. 4.6 shows the impact of the before-mentioned results on the overall supply chain performance. Finally, Sect. 4.7 summarizes the results and gives some managerial insights.

Suggested Citation

  • Guido Voigt, 2011. "The Impact of Information Sharing on the Effectiveness of Screening Contracts: A First Laboratory Experiment," Lecture Notes in Economics and Mathematical Systems, in: Supply Chain Coordination in Case of Asymmetric Information, chapter 0, pages 67-107, Springer.
    • Handle: RePEc:spr:lnechp:978-3-642-20132-5_4
    DOI: 10.1007/978-3-642-20132-5_4
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