Acemoglu, Daron; Aghion, Philippe; Griffith, Rachel; … - Institut für Schweizerisches Bankwesen <Zürich> - 2007
This paper investigates the determinants of vertical integration. We first derive a number of predictions regarding the … relationship between technology intensity and vertical integration from a simple model with nancial imperfections andincomplete … opposite effects on the likelihood of vertical integration. Also consistent with theory, both these effects are stronger when …