Optimal repeated purchases when sellers are learning about costs.
The writer discusses learning about suppliers' efficiency as an important aspect of the relationship between a large manufacturer and its suppliers. He presents a model to illustrate the problem confronting a buyer who wishes to purchase one unit of a good in each period from one set of potential s...
| Published in: | Journal of Economic Theory Vol. 68; pp. 440 - 456 |
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| Format: | Article |
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Academic Press Inc.
February 1996
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |