{"id":"https://openalex.org/W3038401795","doi":"https://doi.org/10.1108/jeim-02-2020-0069","title":"Arbitrage in gray markets and its impact on supply chain decisions","display_name":"Arbitrage in gray markets and its impact on supply chain decisions","publication_year":2020,"publication_date":"2020-06-29","ids":{"openalex":"https://openalex.org/W3038401795","doi":"https://doi.org/10.1108/jeim-02-2020-0069","mag":"3038401795"},"language":"en","primary_location":{"id":"doi:10.1108/jeim-02-2020-0069","is_oa":false,"landing_page_url":"https://doi.org/10.1108/jeim-02-2020-0069","pdf_url":null,"source":{"id":"https://openalex.org/S141478581","display_name":"Journal of Enterprise Information Management","issn_l":"1741-0398","issn":["1741-0398","1758-7409"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Enterprise Information Management","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5103530458","display_name":"Yali Lu","orcid":null},"institutions":[{"id":"https://openalex.org/I198645480","display_name":"North China University of Water Resources and Electric Power","ror":"https://ror.org/03acrzv41","country_code":"CN","type":"education","lineage":["https://openalex.org/I198645480"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Yali Lu","raw_affiliation_strings":["School of Management and Economy, North China University of Water Conservancy and Electric Power, Zhengzhou, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Management and Economy, North China University of Water Conservancy and Electric Power, Zhengzhou, China","institution_ids":["https://openalex.org/I198645480"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5000351035","display_name":"Cyril Foropon","orcid":"https://orcid.org/0000-0003-3083-0016"},"institutions":[{"id":"https://openalex.org/I4210131537","display_name":"Montpellier Business School","ror":"https://ror.org/037tw3m02","country_code":"FR","type":"education","lineage":["https://openalex.org/I4210131537"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Cyril R.H. Foropon","raw_affiliation_strings":["Department of Entrepreneurship, Strategy, Technology, Innovation and Management, Montpellier Business School, Montpellier, France"],"raw_orcid":"https://orcid.org/0000-0003-3083-0016","affiliations":[{"raw_affiliation_string":"Department of Entrepreneurship, Strategy, Technology, Innovation and Management, Montpellier Business School, Montpellier, France","institution_ids":["https://openalex.org/I4210131537"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5003783859","display_name":"Dandan Wang","orcid":"https://orcid.org/0000-0002-4407-7961"},"institutions":[{"id":"https://openalex.org/I198645480","display_name":"North China University of Water Resources and Electric Power","ror":"https://ror.org/03acrzv41","country_code":"CN","type":"education","lineage":["https://openalex.org/I198645480"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Dandan Wang","raw_affiliation_strings":["School of Management and Economy, North China University of Water Conservancy and Electric Power, Zhengzhou, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Management and Economy, North China University of Water Conservancy and Electric Power, Zhengzhou, China","institution_ids":["https://openalex.org/I198645480"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5086504262","display_name":"Shuaishuai Xu","orcid":null},"institutions":[{"id":"https://openalex.org/I198645480","display_name":"North China University of Water Resources and Electric Power","ror":"https://ror.org/03acrzv41","country_code":"CN","type":"education","lineage":["https://openalex.org/I198645480"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Shuaishuai Xu","raw_affiliation_strings":["School of Management and Economy, North China University of Water Conservancy and Electric Power, Zhengzhou, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Management and Economy, North China University of Water Conservancy and Electric Power, Zhengzhou, China","institution_ids":["https://openalex.org/I198645480"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5103530458"],"corresponding_institution_ids":["https://openalex.org/I198645480"],"apc_list":null,"apc_paid":null,"fwci":2.139,"has_fulltext":false,"cited_by_count":9,"citation_normalized_percentile":{"value":0.92140077,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":90,"max":98},"biblio":{"volume":"34","issue":"1","first_page":"382","last_page":"398"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11792","display_name":"Pharmaceutical Economics and Policy","score":0.9810000061988831,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11792","display_name":"Pharmaceutical Economics and Policy","score":0.9810000061988831,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10328","display_name":"Supply Chain and Inventory Management","score":0.9760000109672546,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10539","display_name":"Sustainable Supply Chain Management","score":0.9363999962806702,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/grey-market","display_name":"Grey market","score":0.8031097650527954},{"id":"https://openalex.org/keywords/arbitrage","display_name":"Arbitrage","score":0.5963291525840759},{"id":"https://openalex.org/keywords/speculation","display_name":"Speculation","score":0.5931536555290222},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.556937575340271},{"id":"https://openalex.org/keywords/stackelberg-competition","display_name":"Stackelberg competition","score":0.5510091781616211},{"id":"https://openalex.org/keywords/supply-chain","display_name":"Supply chain","score":0.5177685022354126},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.4147937595844269},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3916890323162079},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.367395281791687},{"id":"https://openalex.org/keywords/marketing","display_name":"Marketing","score":0.24693003296852112},{"id":"https://openalex.org/keywords/market-economy","display_name":"Market economy","score":0.13927513360977173},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.09407126903533936}],"concepts":[{"id":"https://openalex.org/C27416245","wikidata":"https://www.wikidata.org/wiki/Q428088","display_name":"Grey market","level":2,"score":0.8031097650527954},{"id":"https://openalex.org/C160623529","wikidata":"https://www.wikidata.org/wiki/Q273088","display_name":"Arbitrage","level":2,"score":0.5963291525840759},{"id":"https://openalex.org/C47941915","wikidata":"https://www.wikidata.org/wiki/Q107885","display_name":"Speculation","level":2,"score":0.5931536555290222},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.556937575340271},{"id":"https://openalex.org/C199510392","wikidata":"https://www.wikidata.org/wiki/Q1184602","display_name":"Stackelberg competition","level":2,"score":0.5510091781616211},{"id":"https://openalex.org/C108713360","wikidata":"https://www.wikidata.org/wiki/Q1824206","display_name":"Supply chain","level":2,"score":0.5177685022354126},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.4147937595844269},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3916890323162079},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.367395281791687},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.24693003296852112},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.13927513360977173},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.09407126903533936}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1108/jeim-02-2020-0069","is_oa":false,"landing_page_url":"https://doi.org/10.1108/jeim-02-2020-0069","pdf_url":null,"source":{"id":"https://openalex.org/S141478581","display_name":"Journal of Enterprise Information Management","issn_l":"1741-0398","issn":["1741-0398","1758-7409"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Enterprise Information Management","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":53,"referenced_works":["https://openalex.org/W141494331","https://openalex.org/W1536472909","https://openalex.org/W1889800408","https://openalex.org/W1922884785","https://openalex.org/W1933618497","https://openalex.org/W1967986393","https://openalex.org/W1977276580","https://openalex.org/W1982532521","https://openalex.org/W1988394305","https://openalex.org/W1989057264","https://openalex.org/W1992201437","https://openalex.org/W2028137299","https://openalex.org/W2042026179","https://openalex.org/W2049174189","https://openalex.org/W2053337583","https://openalex.org/W2071668909","https://openalex.org/W2074731311","https://openalex.org/W2080527906","https://openalex.org/W2083718624","https://openalex.org/W2094975542","https://openalex.org/W2135113482","https://openalex.org/W2136179428","https://openalex.org/W2205907307","https://openalex.org/W2213764884","https://openalex.org/W2273164633","https://openalex.org/W2276941165","https://openalex.org/W2291465151","https://openalex.org/W2407295763","https://openalex.org/W2470264367","https://openalex.org/W2508725202","https://openalex.org/W2517318609","https://openalex.org/W2562922700","https://openalex.org/W2796042058","https://openalex.org/W2802699101","https://openalex.org/W2804233616","https://openalex.org/W2883290861","https://openalex.org/W2937179130","https://openalex.org/W2943850763","https://openalex.org/W2949571736","https://openalex.org/W2955605222","https://openalex.org/W2961447809","https://openalex.org/W2969482085","https://openalex.org/W2974624631","https://openalex.org/W2994462482","https://openalex.org/W2997150278","https://openalex.org/W3121386989","https://openalex.org/W3122093495","https://openalex.org/W3123420459","https://openalex.org/W3123734504","https://openalex.org/W3124374619","https://openalex.org/W3125586370","https://openalex.org/W3125622290","https://openalex.org/W3125956775"],"related_works":["https://openalex.org/W4243792164","https://openalex.org/W2147782221","https://openalex.org/W2055271179","https://openalex.org/W1987562536","https://openalex.org/W2362980524","https://openalex.org/W2034885317","https://openalex.org/W4225956542","https://openalex.org/W2584034558","https://openalex.org/W2064286854","https://openalex.org/W259005480"],"abstract_inverted_index":{"Purpose":[0],"The":[1],"purpose":[2],"of":[3,11,28,45,177,258,279,301],"this":[4,36,194,236],"paper":[5],"is":[6,132,155],"to":[7,55,118,221],"investigate":[8],"the":[9,26,152,181,256,261,277,311],"impacts":[10],"different":[12,86,119],"gray":[13,29,143,166,187,232,242,287],"markets\u2019":[14],"structures":[15],"on":[16,266,273,310],"both":[17,123,245,297],"supply":[18,38,189],"chain":[19],"decisions":[20,298],"and":[21,48,73,209,247,250,282,299,304],"associated":[22],"profits.":[23],"Design/methodology/approach":[24],"Within":[25],"context":[27],"markets,":[30,124],"using":[31],"game":[32],"theory":[33],"approach":[34],"in":[35,77,105,122,147,170,231,285],"paper,":[37,237],"chains":[39],"have":[40,126,201,206,213,239],"been":[41,202,207,214],"considered":[42,240],"as":[43,226,228,252,294,296],"assets":[44],"manufacturers,":[46],"distributors":[47,246,267],"speculators,":[49,269],"within":[50,89,185],"which":[51],"manufacturers":[52],"sell":[53,75,141,164],"products":[54,67,102,120],"distinctive":[56],"markets":[57],"either":[58,103,265],"directly":[59,104],"or":[60,110,268],"through":[61,111],"authorized":[62,113],"distributors,":[63],"while":[64],"speculators":[65,248],"buy":[66],"from":[68],"a":[69,78,91,95,138,142,161,165,186,241,286],"lower":[70],"price":[71,80],"market":[72,107,130,144,148,153,167,171,188,200,243,288],"then":[74],"them":[76],"higher":[79],"market.":[81],"Our":[82],"study":[83],"has":[84],"examined":[85],"decision":[87],"variables":[88],"such":[90],"framework.":[92],"Findings":[93],"Considering":[94],"situation":[96],"where":[97,244],"one":[98,106,280,283],"manufacturer":[99,312],"sells":[100],"its":[101,112,135,158],"(Market":[108,115],"1)":[109],"distributor":[114,281],"2),":[116],"due":[117],"prices":[121],"results":[125,197,205,217],"shown":[127],"that,":[128],"when":[129,151],"elasticity":[131,154],"less":[133],"than":[134,157],"critical":[136,159],"value,":[137,160],"speculator":[139,162,284],"can":[140,163],"product":[145,168],"arbitrage":[146,169],"2,":[149],"whereas":[150],"greater":[156],"1.":[172],"In":[173,193,235,275],"addition,":[174],"manufacturers\u2014as":[175],"leaders":[176],"Stackelberg":[178],"game\u2014are":[179],"always":[180],"most":[182],"profitable":[183],"stakeholders":[184],"chain.":[190],"Practical":[191],"implications":[192],"study,":[195],"equilibrium":[196],"for":[198],"each":[199],"obtained,":[203],"optimal":[204],"compared,":[208],"accordingly,":[210],"valuable":[211],"insights":[212],"developed.":[215],"Such":[216],"would":[218],"help":[219],"managers":[220],"take":[222],"better":[223],"managerial":[224],"decisions,":[225,293],"well":[227,295],"strategizing":[229],"policies":[230],"markets.":[233],"Originality/value":[234],"we":[238],"exist":[249],"act":[251],"parallel":[253],"channels.":[254],"To":[255],"best":[257],"our":[259],"knowledge,":[260],"extant":[262],"literature":[263],"focuses":[264],"but":[270],"never":[271],"concurrently":[272],"both.":[274],"fact,":[276],"coexistence":[278],"will":[289,306],"impact":[290,309],"their":[291],"own":[292],"profits":[300],"other":[302],"stakeholders,":[303],"hence,":[305],"exert":[307],"an":[308],"side.":[313]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":3}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}