Firms can benefit from inaccurate market beliefs

DOI10.1016/J.ORL.2020.12.006MaRDI QIDQ2661607zbMATH OpenOpenAlexFDO

Authors Qijun Qiu, Li Jiang

Publication date 7 April 2021

Published in Operations Research Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.orl.2020.12.006

zbMATH Keywords

contracting arrangementmarket beliefnewsvendor

Mathematics Subject Classification ID

Operations research, mathematical programming (90-XX)

Recommendations

• Misperception and cognition in markets
• Overstatement and rational market expectation
• Heterogeneous beliefs in over-the-counter markets
• Characterizing the Strategic Impact of Misspecified Beliefs
• Heterogeneous beliefs and trading inefficiencies
• Performance of investment strategies in the absence of correct beliefs
• The Positive Effects of Biased Self-Perceptions in Firms*
• Overconfidence and market efficiency with heterogeneous agents

Cites work

• Alleviating supplier's capital restriction by two-order arrangement
• Quick Response in Manufacturer-Retailer Channels
• The allocation of inventory risk in a supply chain: push, pull, and advance-purchase discount contracts
• The price of anarchy in supply chains: quantifying the efficiency of price-only contracts

Cited in

(2)

• Firms' diverse market beliefs can facilitate information sharing and improve profit performance
• Effects of behavioral bias regarding demand forecasting in a competitive market

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