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Incomplete Contracts and Industrial Organization

Grossman, Gene M. - 1999

We develop an equilibrium model of industrial structure in which the organization of firms is endogenous. Differentiated consumer products can be produced either by vertically integrated firms or by pairs of specialized companies. Production of each variety of consumer good requires a unique,...

Persistent link: https://www.econbiz.de/10012471481

Market Fragmentation

Chen, Daniel - 2020

We model a simple market setting in which fragmentation of trade of the same asset across multiple exchanges improves allocative efficiency. Fragmentation reduces the inhibiting effect of price-impact avoidance on order submission. Although fragmentation reduces market depth on each exchange, it...

Persistent link: https://www.econbiz.de/10012479351

Outsourcing Tariff Evasion : A New Explanation for Entrepot Trade

Fisman, Raymond - 2007

Traditional explanations for indirect trade through an entrepot have focused on savings in transport costs and on the role of specialized agents in processing and distribution. We provide an alternative perspective based on the possibility that entrepots may facilitate tariff evasion. Using data...

Persistent link: https://www.econbiz.de/10012465839

Managerial Incentives and the International Organization of Production

Helpman, Elhanan - 2002

relevant prevalence of outsourcing and foreign direct investment …

Persistent link: https://www.econbiz.de/10012469300

Outsourcing versus FDI in Industry Equilibrium

Grossman, Gene M. - 2002

We study the determinants of the extent of outsourcing and of direct foreign investment in an industry in which …

Persistent link: https://www.econbiz.de/10012469406

Outsourcing in a Global Economy

Grossman, Gene M. - 2002

We study the determinants of the location of sub-contracted activity in a general equilibrium model of outsourcing and … trade. We model outsourcing as an activity that requires search for a partner and relationship-specific investments that are … governed by incomplete contracts. The extent of international outsourcing depends inter alia on the thickness of the domestic …

Persistent link: https://www.econbiz.de/10012469987