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Vertical Integration and Distance to Frontier
Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2002
We construct a model where the equilibrium organization of firms changes as an economy approaches the world technology frontier. In vertically integrated firms, owners (managers) have to spend time both on production and innovation activities, and this creates managerial overload, and...
Persistent link: https://www.econbiz.de/10005123937
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Vertical Integration and Technology: Theory and Evidence
Acemoglu, Daron; Aghion, Philippe; Griffith, Rachel; … - C.E.P.R. Discussion Papers - 2005
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 incomplete contracts model. Then, we investigate these predictions using plant-level data for...
Persistent link: https://www.econbiz.de/10005123944
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Optimal Integration: Strategies for the Multinational Firm
Grossman, Gene; Helpman, Elhanan; Szeidl, Adam - C.E.P.R. Discussion Papers - 2004
We examine integration strategies of multinational firms that face a rich array of choices of international organization. Each firm in an industry must provide headquarter services from its home country, but can produce its intermediate inputs and conduct assembly operations in one or more of...
Persistent link: https://www.econbiz.de/10005124092
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Subadditivity Tests for Network Separation with an Application to US Railroads
Ivaldi, Marc; McCullough, Gerard - C.E.P.R. Discussion Papers - 2004
the tests with a Generalized McFadden cost function that is globally concave in input prices and permits the assignment of …
Persistent link: https://www.econbiz.de/10005067525
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Who Integrates?
Bühler, Stefan; Schmutzler, Armin - C.E.P.R. Discussion Papers - 2003
We examine vertical backward integration in oligopoly. Analysing a standard linear Cournot model, we find that for wide parameter ranges (i) some firms integrate, while others remain separated, and (ii) efficient firms are more likely to integrate vertically. Adopting a reduced-form approach, we...
Persistent link: https://www.econbiz.de/10005504590
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Intellectual Property Rights and Efficient Firm Organization
Ponzetto, Giacomo AM - C.E.P.R. Discussion Papers - 2012
I provide a justification of intellectual property rights as a source of static efficiency gains in manufacturing, rather than dynamic benefits from greater innovation. I develop a property-rights model of a supply relationship with two dimensions of non- contractible investment. In equilibrium,...
Persistent link: https://www.econbiz.de/10011084191
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Backwards Integration and Strategic Delegation
Hunold, Matthias; Röller, Lars-Hendrik; Stahl, Konrad - C.E.P.R. Discussion Papers - 2012
supplier when firms compete in prices in both markets. With such an acquisition, downstream firms internalize the effects of … integration would lead to decreasing downstream prices, passive backwards ownership in the efficient supplier leads to increasing … downstream prices and is more profitable, as long as competition is sufficiently intensive. Downstream acquirers strategically …
Persistent link: https://www.econbiz.de/10011084651
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Vertically Related Markets and Trade Policy in a Bargaining Framework
Karp, Larry; Sioli, Lucy - C.E.P.R. Discussion Papers - 1995
We analyse the interaction of asymmetric industries in international vertically related markets. Each downstream firm bargains efficiently with its domestic supplier in a first stage and with the foreign supplier in a second stage. The asymmetry in upstream costs leads to inter-industry trade....
Persistent link: https://www.econbiz.de/10005789162
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Foreign Direct Investment and Spillovers through Backward Linkages
Matouschek, Niko - C.E.P.R. Discussion Papers - 1999
Foreign direct investment projects can generate spillovers through backward linkages in the host economy. This will be the case if local competitors in the project's own industry can benefit from the upstream efficiency improvements that were induced by the foreign firm. We provide...
Persistent link: https://www.econbiz.de/10005792033
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Relational Contracts and Property Rights
Blonski, Matthias; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2002
We propose a general framework for analyzing and comparing ownership structures with respect to creating incentives for co-operative behavior (e.g. efficient investment) in long-run relationships. We generalize models by Garvey (1995), Halonen (2002), and Baker, Gibbons and Murphy (2002) and...
Persistent link: https://www.econbiz.de/10005792045