[Econmaster2012] Research Seminar in Economics, April 21: Horst Raff

[Frank Stähler]

Dear all,

The Research Seminar in Economics will resume on April 21. The seminar 
is run on Tuesdays at 2.15 pm in room E09 in Mohlstraße 36, and you find 
the program and paper links under 
http://www.wiwi.uni-tuebingen.de/forschung0/research-seminars/research-seminar-in-economics.html

The start will be made by Horst Raff from the University of Kiel. The 
title of his talk will be

"Inventory Control and Intermediation in Global Supply Chains".

You find an abstract of his paper below.

The next RSE will take place on May 5 with Thorsten Upmann from the 
University of Bielefeld. There will be no RSE on April 28 as will have a 
Colloquium with Christoph Schmidt (President of the RWI and chair of the 
German Council of Economic Experts) on April 29.

I am looking forward to seeing you on Tuesday afternoon.

Best wishes,
Frank Stähler


Abstract:

The paper develops a simple theoretical model of inventory control in 
global supply chains. It identifies a role for intermediaries in 
managing inventory, and shows that inserting an intermediary as an 
additional link in a supply chain is profitable when demand volatility 
is high. It also provides conditions under which the intermediary 
handling inventory is located in the exporting versus the importing 
country. Trade liberalization in the form of less lumpy trade is shown 
to expand the role of export and import intermediaries but to have 
potentially negative effects on the volume of international trade and 
social welfare in the importing country.


-- 


Frank Stähler
Professor of Economics
The University of Tübingen
frank.staehler at uni-tuebingen.de

Coordinator Doctoral Program in Economics (DPE)
http://www.uni-tuebingen.de/de/41162

Adjunct Professor of Economics
School of Economics
The University of Adelaide
frank.staehler at adelaide.edu.au

http://www.frank-staehler.de