On returns policies with exogenous price

On returns policies with exogenous price

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Article ID: iaor200965
Country: Netherlands
Volume: 178
Issue: 3
Start Page Number: 782
End Page Number: 788
Publication Date: May 2007
Journal: European Journal of Operational Research
Authors: ,
Abstract:

We contribute to current research on single-period returns policies by making a clear distinction between models in which transfer price is exogenous and models in which one dominant party unilaterally declares a price. We compare the equilibrium contracts that result from these two approaches and derive conditions for the equilibrium returns policy to be Pareto-efficient when transfer price is exogenous. Our main result is distribution free, but we make some interesting observations on channel performance when demand is uniformly distributed.

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