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Agent learning in supplier selection models
TLDR
We use agent-based modeling to study the performance of a supplier selection model, originally proposed by Croson and Jacobides [Small Numbers Outsourcing: Efficient Procurement Mechanisms in a Repeated Agency Model, Working Paper #99- 05-04 Department of Operations and Information Management, The Wharton School of the University of Pennsylvania (1999)], which displays a complicated reward and punishment profile under incomplete information. Expand
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On Adaptive Emergence of Trust Behavior in the Game of Stag Hunt
We study the emergence of trust behavior at both the individual and the population levels. At the individual level, in contrast to prior research that views trust as fixed traits, we model theExpand
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Reinforcement Learning in Supply Chains
TLDR
This paper applies agent-based modeling to investigate the comparative behavioral consequences of three simple reinforcement learning algorithms in a multi-stage supply chain and shows that the specific algorithm that is employed can have dramatic effects on the results obtained. Expand
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A model of market power and efficiency in private electronic exchanges
TLDR
We investigate how private electronic markets (PEMs) can be used as a strategic tool by a large producer to compete against a consortium of smaller producers in a two-tier supply chain. Expand
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Learning and Cooperation in Sequential Games
TLDR
The predictions of classical game theory for one-shot and finitely repeated play of many 2x2 simulta neous games do not correspond to human behavior observed in laboratory experiments. Expand
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Three essays on the economics of outsourcing of goods and services: an analysis of b2b exchanges, offshoring and allocation of production capacities
Information technology is redefining organizations at the same time as the market for outsourced goods and services is growing at a furious pace. These rapid changes motivate us to analyze the impactExpand