报告题目：Sourcing Competition under Cost Uncertainty and Information Asymmetry
报告摘要：Driven by increasing costs in the traditionally regarded low cost manufacturing bases (e.g., China), many firms have started to outsource their production to the regions of even lower costs (e.g., Southeast Asia). However, a new environment may involve higher cost uncertainty and severer information asymmetry. Motivated by these observations, we consider a sourcing game where competing firms choose between a supplier with transparent certain cost (type-C supplier) and a supplier with potentially lower but less transparent, uncertain cost (type-U supplier). We characterize the equilibrium of the sourcing game and study how different parameters affect the firms’ sourcing strategy and profit performance. First, we find that due to information asymmetry, a large market size can make firms prefer the C-supplier to the U-supplier even if the latter has a lower average cost. Second, reducing the cost uncertainty or improving the signal accuracy of the U-supplier does not necessarily make it more attractive to sourcing firms, which cautions the suppliers when making efforts to mitigate cost uncertainty or improve cost estimation. Third, higher competition intensity makes the diversified sourcing strategy more likely to be adopted under certain conditions. Interestingly, increasing the cost of the C-supplier (e.g., a cost hike in China) may make both sourcing firms better off because it can lead to a new sourcing equilibrium. Finally, this study shows that the direction of quantity distortion under the optimal competitive mechanism differs from that under the traditional monopolistic setting.
邵鲁生简介：墨尔本大学商业与经济学院管理与市场系副教授，悉尼大学商学院运营与商务分析博士，东北大学管理学院优秀校友。主要从事运营与供应链管理研究，包括供应链竞争、合同及激励机制、可持续运营等，已经公开发表十多篇论文，包括Operations Research，Production and Operations Management，Decision Sciences, European Journal of Operational Research, International Journal of Production Economics, International Journal of Production Research等国际顶级或主流期刊。目前担任国际期刊Decision Science Journal副编辑、Production and Operations Management编审委员会成员。