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Vertical Licensing, Input Pricing, and Entry
Bakaouka, Elpiniki - 2017
We explore the incentives of a vertically integrated incumbent firm to license the production technology of its core input to an external firm, transforming the licensee into its input supplier. We find that the incumbent opts for licensing even when licensing also transforms the licensee into...
Persistent link: https://www.econbiz.de/10012962608
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Vertical Foreign Direct Investment : Make, Sell and (Not) Buy
Milliou, Chrysovalantou - 2016
According to conventional wisdom, multinational firms undertake vertical FDI in order to take advantage of cross-border factor cost differences and source the inputs from abroad at better terms. Recent empirical findings though document that this is not always the case. We provide theoretical...
Persistent link: https://www.econbiz.de/10012977204
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Employee Spinouts, Social Networks, and Family Firms
Rauch, James E. - 2014
to hold-up and capturing the profits formerly made from external sales of generic inputs. This vulnerability is shown to … who are members of networks that informally sanction hold-ups or children who keep profits “in the family” even if they …
Persistent link: https://www.econbiz.de/10013060962
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Competition and Trust : Evidence from German Car Manufacturers
Felli, Leonardo - 2011
We explore the determinants and effects of trust relationships between upstream suppliers and downstream producers. Using unique survey data on individual supplier-buyer relationships in the German automotive industry, we show, by means of different measures of supplier-buyer trust, that higher...
Persistent link: https://www.econbiz.de/10013129248
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Formal Contracts, Relational Contracts, and the Threat-Point Effect
Itoh, Hideshi - 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/10013121866
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Sorting into Outsourcing : Are Profits Taxed at a Gorilla's Arm's Length?
Bauer, Christian - 2012
into foreign outsourcing. We show that multinational firms are able to shift profits abroad even if they fully comply with … input production. Moreover, market input prices include a mark-up that arises from the bargaining between the firm and the … independent supplier. Transfer prices set at market values following the arm's length principle thus systematically exceed …
Persistent link: https://www.econbiz.de/10013098653
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Promotion Rat Race and Public Policy
Bjertnæs, Geir H. - 2012
This study investigates whether excess effort to climb a career ladder justifies policy interventions. The answer depends on whether the government is able to levy a higher tax burden on career workers than on non-career workers. Both a tax on top income aimed at lowering the rewards of...
Persistent link: https://www.econbiz.de/10013107554
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Delegation and Interim Performance Evaluation
Schuette, Miriam - 2013
always profits from a private evaluation while a public evaluation is only beneficial if the corresponding wage effects are …
Persistent link: https://www.econbiz.de/10013082972
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Incomplete Contracts and the Impact of Globalization on Consumer Welfare
Defever, Fabrice - 2014
We embed a North-South trade model into an incomplete contracts setting where the production of heterogeneous firms can be geographically separated. When a Northern headquarter contracts with a Southern supplier instead of a Northern supplier, the presence of international incomplete contracts...
Persistent link: https://www.econbiz.de/10013067873
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The Theory of the Firm Goes Global
Marin, Dalia - 2013
What insights can be gained from bringing the theory of the firm to the global economy? I discuss several new features of the world economy that can be explained by incorporating the theory of the firm into the theory of international trade. Among the new features I discuss are the move to...
Persistent link: https://www.econbiz.de/10013071383