Ehrmann, Thomas; Hartwig, Karl-Hans; Marner, Torsten; … - Wirtschaftswissenschaftliche Fakultät, Westfälische … - 2009
, vertical separation, and a hybrid form. Economic theory predicts that vertical integration fosters socially optimal investment …, whereas, due to potential hold-up problems, both vertical separation and hybrid forms cause severe underinvestment. We test … discrepancy in our experimental results between vertical separation and the hybrid organisational structure, contradicting the …