Competition in Multi-Echelon Systems

33 Pages Posted: 16 May 2017 Last revised: 4 Oct 2017

See all articles by Awi Federgruen

Awi Federgruen

Columbia University - Columbia Business School, Decision Risk and Operations

Ming Hu

University of Toronto - Rotman School of Management

Date Written: May 14, 2017

Abstract

Around the start of this new millennium, scholars in the operations management/operations research field started to make important contributions to the study of price competition models. In this tutorial, we review these contributions, and partition them into five broad areas. Most of the tutorial is devoted to the last and most recent category: price competition models for multi-echelon supply chains with an arbitrary number of competing firms and products at each echelon.

Keywords: Price Competition Models, Nash Equilibria, Unique and Globally Stable Equilibria, Multi-Echelon Supply Chains, Operational Cost Structures, Perfect Coordination Mechanisms

JEL Classification: C72, D21, D43, L1, L11, L13

Suggested Citation

Federgruen, Awi and Hu, Ming, Competition in Multi-Echelon Systems (May 14, 2017). Columbia Business School Research Paper No. 17-56, Available at SSRN: https://ssrn.com/abstract=2968186 or http://dx.doi.org/10.2139/ssrn.2968186

Awi Federgruen (Contact Author)

Columbia University - Columbia Business School, Decision Risk and Operations ( email )

New York, NY
United States

Ming Hu

University of Toronto - Rotman School of Management ( email )

105 St. George st
Toronto, ON M5S 3E6
Canada
416-946-5207 (Phone)

HOME PAGE: http://ming.hu

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