Kräkel, Matthias (contributor) - 2006
, this rent can be due to saved transaction costs, secured specificinvest-
ments because of vertical integration, or secured …, increases for small
values of the productivity parameter, but decreases for large ones. On the
one hand, enlargement of α makes …
endogenous and profit enlargement is modelled via a marginal increase of the
scaling factor α. Moreover, in both cases an …