This paper elucidates the impacts of the September 2005 foot and mouth disease outbreak on the Brazilian meat market for different levels of the industry (export, wholesale, and farm). The associated import ban by Russia on Brazilian meat exports is also analyzed. Results suggest that the increase in domestic supply due to the import ban generated downward pressure on prices at all levels for p...

We develop a reduced-form model of price transmission in a vertical sector, allowing for refined asymmetric, contemporaneous and lagged, own and cross price effects. The model is used to analyze wholesale-retail price dynamics in the US butter market. The analysis provides strong evidence of asymmetric price transmissions. It documents the complex nature of nonlinear price dynamics in a vertica...

Myriad challenges beset wholesales banks today – heavy regulations, evolving customer needs, decreasing profit margins, increasing transaction volumes, massive competition from both traditional banks and the newer non-banking finance companies, increased high-tech financial crimes, and rapid technology changes, to name just a few. Managing these challenges requires timely and deeper insights on...

We consider a newsvendor problem in a supply chain that consists of a manufacturer and a retailer. The manufacturer is the Stackelberg leader and the retailer is the follower.We examine how themanufacturer can contract awholesale-price-only agreementwith its retailer thatmaximizes its profit.We also propose a returns policy with a wholesale-price-discount scheme (returns-discount contract) that...

New ways are needed to address the issues of spectrum availability, a shortage of licenses, tougher competition in the telecom sector and global financial pressure. A wholesale network-sharing model based on cooperation with a third party could unlock added value for operators, stimulating competition and overall market growth.

Introduction The Federal Energy Regulatory Commission is now completing a series of technical conferences addressing questions of performance, market design, seams between market regions, market monitoring, and the challenges facing regulation of organized wholesale electricity markets. The related inquiries are important and overdue. These discussions stand in the context of the larger conside...

The traditional measure of market power is the HHI, which gives implausible results given the low elasticity of demand in electricity spot markets, unless it is adapted to take account of contracting. In its place the Residual Supply Index has been proposed as a more suitable index to measure potential market power in electricity markets, notably in California and more recently in the EU Sector...

This paper contributes to the supply chain contracts literature in economics and operations by performing qualitative sensitivity analysis of a wholesale price contract in a two-echelon supply chain setting. Ordertheory tools are used to derive sufficient conditions for monotonicity of contract parameters. The upstream supplier is modeled as a Stackelberg leader. The supplier is assumed to have...