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In such a scenario, economic downturns appear to be the result of coordination failure: The invisible hand fails to coordinate the usual, optimal, flow of production and consumption.
We show that the all-unit quantity discount contract fails to coordinate.
Non-spanning is indeed the case when the economy fails to coordinate multiple items with a single price.
We have also shown that under these circumstances, both the wholesale price as well as the revenue sharing contract fails to coordinate the supply chain.
Coordination problems occur when two or more parties can realize mutual gains by making the right set of decisions, but everyone may be worse off if the group fails to coordinate.
The simple WHP contract fails to coordinate, while more sophisticated contracts with reward or penalty scheme enable coordinated behavior in the supply chain without violating the actors' participation constraints.
Similar(52)
CRITICS also say federal agencies have failed to coordinate their watch lists, which pinpoint suspicious individuals.
Privatisation means that railway and bus companies fail to coordinate timetables and charge too much.
The contractor was slow to repair the boiler and failed to coordinate plumbers and roofers to install the new one.
In Kuwait, there were complaints that the region had failed to coordinate its electric grids, transportation systems and customs regulations.
The regulators, the report said, failed to coordinate the review properly and potentially let some errors go undetected.
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