On the value of information sharing and cooperative price setting

Jiang, Li; Hao, Zhongyuan

doi:10.1016/j.orl.2014.07.002

Cited by 11 publications

(4 citation statements)

References 9 publications

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“…For the problem of demand information sharing, researchers consider the demand information sharing in a duopoly or oligopoly model and conclude that both firms share demand information under Bertrand (Cournot) competition with substitute (complement) products (Gal‐or, 1985; Li, 1985; Vives, 1984). Recently, Jiang and Hao (2014) consider a duopoly model in which firms engage in Bertrand competition and take the cooperative price setting into account. They prove that sharing demand information is more effective to improve their total profits when firms cooperate in decision making.…”

Section: Literature Reviewmentioning

confidence: 99%

“…As globalization has led to intensified competition, companies try to use a variety of ways to enhance their competitive advantage. Information sharing is an effective way of dealing with the challenges in a competitive environment (Kumar et al., 2011; Jiang and Hao, 2014; Diorio, 2018). In 2015, a survey by PricewaterhouseCoopers and the Massachusetts Institute of Technology Forum for Supply Chain Innovation found that “upstream and downstream process integration and information sharing” is an important factor (47%) in enabling risk reduction, and 42% companies have been shared information between supply chain partners (Strom et al., 2015).…”

Section: Introductionmentioning

confidence: 99%

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Innovation information sharing between two competitive supply chains

Xiao-min

Huang

et al. 2021

Int Trans Operational Res

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We study the innovation information sharing problem between two competing supply chains with one supplier and one manufacturer each. The manufacturer in each chain has private information about its product innovation degree and may choose to share such information with the competitor (horizontal information sharing), its supplier (vertical information sharing), or both (full transparency). We find that irrespective of the status of horizontal information sharing, vertical sharing always hurts the manufacturer, and sharing information horizontally is a dominating strategy for each manufacturer when the competition intensity is small. Furthermore, when competition intensity is not extremely large, full transparency can be realized through some transfer from the suppliers to the manufacturers, achieving a Pareto improvement for all parties, because the vertical and horizontal sharing are complementary to increase the supplier's benefit. Otherwise, neither horizontal nor vertical information sharing will occur.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Innovation information sharing between two competitive supply chains

Xiao-min

Huang

et al. 2021

Int Trans Operational Res

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show abstract

“…Natarajan et al [17] analyzed HIS by considering time as an important factor in their model. Jiang and Hao [18] showed that information sharing and cooperative price for firms are strategic complements.…”

Section: Related Workmentioning

confidence: 99%

Vertical Cost-Information Sharing in a Food Supply Chain with Multiple Unreliable Suppliers and Two Manufacturers

Wang

2017

Journal of Food Quality

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This paper considers a food supply chain where multiple suppliers provide completely substitutable food products to two manufacturers. Meanwhile, the suppliers face yield uncertainty and the manufacturers face uncertain production costs that are private information. While the suppliers compete on price, the manufacturers compete on quantity. We build a stylized multistage game theoretic model to analyze the issue of vertical cost-information sharing (VCIS) within the supply chain by considering key parameters, including the level of yield uncertainty, two manufacturers' cost correlation, the correlated coefficient of suppliers' yield processes, and the number of suppliers. We study the suppliers' optimal wholesale price and the manufacturers' optimal order quantities under different VCIS strategies. Finally, through numerical analyses, we examine how key parameters affect the value of VCIS to each supplier and each manufacturer, respectively. We found that the manufacturers are willing to share cost information with suppliers only when the two manufacturers' cost correlation is less than a threshold. While a high correlated coefficient of suppliers' yield processes and a large number of suppliers promote complete information sharing, a high level of yield uncertainty hinders complete information sharing. All these findings have important implications to industry practices.

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“…Trustworthy information sharing between enterprises is crucial for mitigating the adverse effects of low-carbon policies, as it promotes collaborative innovation instead of harmful competition among enterprises (Jiang and Hao, 2014). For instance, IPwe leverages IBM Blockchain and AI to create a transparent and efficient platform for exchanging information and transacting intellectual property on the blockchain, facilitating collaboration and value creation among enterprises [1].…”

Section: Introductionmentioning

confidence: 99%

Impact of blockchain on the green innovation performance of enterprises under the policy uncertainty

Wang,

Zhang,

Gong

et al. 2023

IMDS

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PurposeThis study aims to empirically examine how blockchain, one of the emerging Industry 4.0 technologies, can combat climate change by improving their green innovation performance, particularly under conditions of policy uncertainty.Design/methodology/approachThis study utilizes the difference-in-difference-in-difference (DDD) method to explore the effect of blockchain on enterprises' green innovation performance. The analysis is based on data from Chinese-listed enterprises spanning the period from 2013 to 2021.FindingsFirst, the adoption of blockchain in enterprises registered in areas designated as low-carbon pilot cities can significantly improve their green innovation performance. Second, the enhancement of green innovation efficiency emerges as the primary driving force behind the adoption of blockchain, thereby leading to improved green innovation performance. Lastly, it is observed that blockchain adoption has a greater positive impact on improving green efficiency in private enterprises compared to state-owned enterprises in China.Practical implicationsFor managers, the findings can provide valuable insights to help them better prepare for the challenges and opportunities presented by the era of Industry 4.0. For policymakers, this study offers valuable insights into the interaction between new technologies in Industry 4.0 and the performance of green innovation, thereby aiding in the formulation of effective policies.Originality/valueThis study contributes to bridging the existing gap between the adoption of new technologies, such as blockchain, and their potential impact on climate change. Moreover, this research enriches practitioners' understanding of how new technologies in the era of Industry 4.0 can be applied to address significant challenges like climate change.

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On the value of information sharing and cooperative price setting

Cited by 11 publications

References 9 publications

Innovation information sharing between two competitive supply chains

Innovation information sharing between two competitive supply chains

Vertical Cost-Information Sharing in a Food Supply Chain with Multiple Unreliable Suppliers and Two Manufacturers

Impact of blockchain on the green innovation performance of enterprises under the policy uncertainty

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