东南大学经济管理学院专题讨论（Seminar）
报告题目 | Bright Side of Diverse Market Beliefs Held by Firms |
报告人（单位） | Jiang Li（Hong Kong Polytechnic University） |
主持人 | 薛巍立 |
时间地点 | 时间：2021年10月 14 日（周四）下午14 点 地点：经管楼A201 |
报告内容摘要 | |
Suppliers sell products through a retailer to the market withuncertain demand. The retailer has access to a demand signal useful for updating forecast of market uncertainty. Suppliers can acquire the retailer’s signal, termed information sharing. Due todifferential functional roles and means of market access, firms hold diverse beliefs about market conditions. This is further aggravated as they apply privileged systems to process information and interpret market trend. We unveil the circumstances where information sharing occurs as firms hold diverse market beliefs and as they are either aware or unaware of each other’s beliefs, and explore the consequential effects on firms’ actual profits. Our results show that diverse market beliefs facilitate information sharing. Information symmetry in signals for forecast updating, achieved through information sharing, is a strategic complement to that in market beliefs. Information symmetry in firms’believed market uncertainty does not improve actual profits for all firms simultaneously, but that in firms’ believed market size can. Information sharing is more likely to occur as suppliers can screen the market belief held by the retailer (through its decision on payment acceptance for signal disclosure), but is less likely so as the retailer calculatedly reports its market belief.
Joint work with Zhongyuan Hao | |
报告人简介 | |
Professor Li Jiang obtained his PhD in Operations and Management Science from the Ross School of Business in the University of Michigan. He joined the Department of Logistics and Maritime Studies in the Hong Kong Polytechnic University in 2007 and is now a Full Professor. His research interests include data-driven operations, information sharing, credence goods market analysis, behavioural operations, and sharing economy platforms. He has published in Management Science, Manufacturing & Service Operations Management, Production and Operations Management, and Naval Research Logistics, and he serves on the editorial boards for leading journals. Professor Jiang was recognized for outstanding scholarly contributions by the European Association of Operations Research in 2018, and was named Chang Jiang Scholar by the Ministry of Education of China in 2020. | |
