Abstract We apply variance analysis for studying the risk sharing mechanism in distribution channels, in which the risk-averse buyer and supplier are suffered from commodity price shocks. We obtain the closed-form optimal pass-through rate that minimizes the total channel price/cost risk and maximizes the channel throughput for a Stackelberg leadership game and a Nash bargaining solution. Using the commodity price data in the steel industry, we demonstrate that the pass-through rate should be set between 40 and 80% for major metal alloys.

中文翻译：

---

商品价格冲击在分销渠道中与规避风险代理人的传递

摘要 我们应用方差分析来研究分销渠道中的风险分担机制，其中风险规避的买方和供应商受到商品价格冲击。对于 Stackelberg 领导博弈和纳什讨价还价解决方案，我们获得了最小化总渠道价格/成本风险和最大化渠道吞吐量的封闭式最优传递率。使用钢铁行业的商品价格数据，我们证明主要金属合金的传递率应该设置在 40% 到 80% 之间。