Narrow search
Showing 1 - 10 of 308
Cover Image
A market for connections
Miettinen, Topi; Poutvaara, Panu - 2012
resources and procurement managers. Due to anti-corruption laws, agents cannot sell contracts or positions that they are …
Persistent link: https://www.econbiz.de/10010281926
Cover Image
Making sense of non-binding retail-price recommendations
Buehler, Stefan; Gärtner, Dennis L. - 2010
We model non-binding retail-price recommendations (RPRs) as a communication device facilitating coordination in vertical supply relations. Assuming both repeated vertical trade and asymmetric information about production costs, we show that RPRs may be part of a relational contract,...
Persistent link: https://www.econbiz.de/10010270481
Cover Image
Selling reputation when going out of business
Hakenes, Hendrik; Peitz, Martin - 2004
Is the reputation of a firm tradeable when the previous owner has to retire even though ownership change is observable … profits, bid for the firms on sale. Customers are concerned with the owners? type, which reflects the quality of the good or … good type. Hence reputation is tradeable, although ownership change is observable. In our model, reputation is an …
Persistent link: https://www.econbiz.de/10010261210
Cover Image
Formal contracts, relational contracts, and the holdup problem
Itoh, Hideshi; Morita, Hodaka - 2006
We study the holdup problem in repeated transactions between a seller and a buyer such that the seller makes relation-specific investments in each period. We show that where, under spot transaction, formal contracts have no value because of the cooperative nature of investment, writing a simple...
Persistent link: https://www.econbiz.de/10010263968
Cover Image
Formal contracts, relational contracts, and the threat-point effect
Itoh, Hideshi; Morita, Hodaka - 2011
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/10010277359
Cover Image
The Adoption and Termination of Suppliers over the Business Cycle
Xu, Le; Yu, Yang; Zanetti, Francesco - 2024
We assemble a novel firm-level dataset to study the adoption and termination of suppliers over business cycles. We document that the aggregate number and rate of adoption of suppliers are procyclical. The rate of termination is acyclical at the aggregate level, and the cyclicality of termination...
Persistent link: https://www.econbiz.de/10014534390
Cover Image
Backward Versus Forward Integration of Firms in Global Value Chains
Egger, Peter H.; Erhardt, Katharina; Masllorens, Gerard - 2021
Production processes are increasingly organized in international value-chain networks. The involved firms can be operating at arm’s length or be vertically integrated. Both the incidence and the direction of integration (backward or forward in the value chain) depend on specific...
Persistent link: https://www.econbiz.de/10012599198
Cover Image
Backward Versus Forward Integration of Firms in Global Value Chains
Egger, Peter; Erhardt, Katharina; Masllorens, Gerard - 2021
Production processes are increasingly organized in international value-chain networks. The involved firms can be operating at arm’s length or be vertically integrated. Both the incidence and the direction of integration (backward or forward in the value chain) depend on specific...
Persistent link: https://www.econbiz.de/10013224089
Cover Image
Who should pay for certification?
Stahl, Konrad O.; Strausz, Roland - 2011
Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer …
Persistent link: https://www.econbiz.de/10010274805
Cover Image
Migration between Platforms
Biglaiser, Gary; Crémer, Jacques; Veiga, André - 2020
We study incumbency advantage in markets with positive consumption externalities. Users of an incumbent platform receive stochastic opportunities to migrate to an entrant. They can accept a migration opportunity or wait for a future opportunity. In some circumstances, users have incentives to...
Persistent link: https://www.econbiz.de/10012207950