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Can formal contracts help resolving the holdup problem? We address this important question by studying the holdup problem in repeated transactions between a seller and a buyer in which the seller can make relation-specific investments in each period. In contrast to previous findings, we...
Persistent link: https://www.econbiz.de/10009228616
We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade (1995–2005) in the Czech Republic. During this period the integrated control potential of the state resembled a corporate pyramid. While pyramidal control was not fully...
Persistent link: https://www.econbiz.de/10008533985
Management research has long focused on the theory of the firm, studying for-profit organizations that produce … organizational theory, innovation economics, and industrial organization should therefore be critically examined. …
Persistent link: https://www.econbiz.de/10009020794
organizational decision is driven by two countervailing effects: the ownership rights effect favors outsourcing, while the “indirect … outsourcing of the “less important” supplier is chosen in equilibrium. We also consider an open economy setup where the producer …
Persistent link: https://www.econbiz.de/10010550244
We develop a theory of a firm in an incomplete contracts environment which decides on its complexity, organization, and …
Persistent link: https://www.econbiz.de/10009278130
, rent, energy consumption cannot appropriately determine a Business Process Outsourcing (BPO) firm’s productivity. Academic …A service provider firm in an outsourcing relationship is distinct from a typical firm because it is not a stand alone … perspective of the host country, the sourcing firm, the global outsourcing industry and of course the service provider firm. In …
Persistent link: https://www.econbiz.de/10005405775
We investigate the link between productivity of firms and their sourcing behavior. Following Antràs & Helpman (2004) we … distinguish between domestic and foreign sourcing, as well as between outsourcing and vertical integration. A firm’s choice is … productivity premia associated with the different sourcing strategies. We find strong empirical support for the predictions of the …
Persistent link: https://www.econbiz.de/10008572568
I develop a stylized model of court procedures that resolve disputes concerning FRAND-encumbered standard essential patents (SEPs). I analyze the effects of injunctions and potential court-imposed FRAND rates on negotiated royalty rates. The SEP-holders’ ability to hold-up is constrained by...
Persistent link: https://www.econbiz.de/10010948810
Recent empirical studies have been searching for evidence on and driving forces for offshoring. Frequently, this has been done by analyzing gross trade flows related to offshore activities using gravity equations augmented by ad hoc measures of supply-side country differences. This paper...
Persistent link: https://www.econbiz.de/10010548148
. Such outsourcing leads to increased wages for the remaining in-house production. We find that stronger unions, which imply … higher domestic wages, reduce incentives for international outsourcing. Though somewhat surprising, this result provides a … theoretical reconciliation of the empirically observed trends of deunionization and increased international outsourcing in many …
Persistent link: https://www.econbiz.de/10005766312