Similar Search Results

Malcomson, James - Department of Economics, Oxford University - 2010

This chapter reviews the literature on the theory of relational incentive contracts. It motivates the discussion by the classic applications of relational contracts to the GM-Fisher Body relationship and the relationships between Japanese automobile manufacturers and their subcontractors. It...

Persistent link: https://www.econbiz.de/10008671389

Contractual Institutions, Financial Development and Vertical Integration: Theory and Evidence

Macchiavello, Rocco - Department of Economics, Oxford University - 2008

This paper presents an industry equilibrium model of vertical integration under contractual imperfections with specific input suppliers and external investors. I assume that vertical integration economizes on the needs for contracts with specific input suppliers at the cost of higher fixed...

Persistent link: https://www.econbiz.de/10005047738

Vertical Integration, Missing Middle and Investor Protection in Developing Countries

Macchiavello, Rocco - Department of Economics, Oxford University - 2007

The industrial organization of developing countries is characterized by: (i) pervasive use of subcontracting arrangements among small firms, (ii) "missing middle" in the firm size distribution, and (iii) financially constrained firms. This paper studies an incomplete contract model in which...

Persistent link: https://www.econbiz.de/10005047877

Competition Policy for Regulated Utility Industries in Britain.

Nuttall, R.; Vickers, J. - Department of Economics, Oxford University - 1996

The main section of the paper analyzes the principles and practice of competition policy for utilities under six headings: price discrimination and cross-subsidy; oligopolistic behaviour; mergers and takeovers; vertical structure; network access pricing; and historical entry barriers. The...

Persistent link: https://www.econbiz.de/10005090689

R and D and Growth at the Industry Level

Cameron, Gavin - Department of Economics, Oxford University - 2000

Although research and development is widely considered to be an important source of growth, relatively little is known about how its effects differ across industries. This is mainly because much research on the effect of R&D has used either cross-section or time-series data and the remainder has...

Persistent link: https://www.econbiz.de/10010604917

The Economics of Intellectual Property: A Review to Identify Themes for Future Research

Greenhalgh, Christine; Dixon, Padraig - Department of Economics, Oxford University - 2002

This paper reviews the literature on the economics of intellectual property rights (IPR), with a particular focus on the main industrial property rights of patents and trade marks. Intellectual property rights arise from the legal protection accorded to certain inventions or creations. We begin...

Persistent link: https://www.econbiz.de/10005090661

Optimal Coordination in Hierarchies

Patacconi, Andrea - Department of Economics, Oxford University - 2005

This paper studies the optimal allocation of coordination responsibilities in organizations where duplication of effort is a serious concern. The planner`s objective is to minimize a weighted average of the wage bill and the cost of delay. The paper provides conditions under which, in balanced...

Persistent link: https://www.econbiz.de/10005047951

The Capital Stock and Equilibrium Unemployment: A New Theoretical Perspective

Kapadia, Sujit - Department of Economics, Oxford University - 2003

By assuming Cobb-Douglas production technology, many well-known imperfectly competitive macroeconomic models of the …

Persistent link: https://www.econbiz.de/10004977880

Firm Level Investment and R and D in France and the United States: A Comparison

Hall, Bronwyn; Mulkay, Benoit; Mairesse, Jacques - Department of Economics, Oxford University - 2001

This paper is a contribution to the small but growing literature that compares the investment and R&D behavior of … of a simple error-corrected investment model for both ordinary investment and for R&D investment, a model that … incorporates both output (sales or turnover) and cash flow as predictors for investment. Our focus is on two comparisons: France …

Persistent link: https://www.econbiz.de/10010605169

Partnership Firms, Reputation and Human Capital

Morrison, Alan; Wilhelm, William - Department of Economics, Oxford University - 2003

In human capital intensive industries where it is difficult to contract upon the training effort of skilled agents a socially suboptimal level of training may occur. We show how partnership organisations can overcome this problem by tying human and financial capital. Partnerships are opaque so...

Persistent link: https://www.econbiz.de/10010661387