Nagaoka, Sadao; Takeishi, Akira; Noro, Yoshihisa - In: Journal of the Japanese and International Economies 22 (2008) 2, pp. 187-206
Using the framework of contract economics, we assess the determinants of the choice of vertical integration, relational contracting (keiretsu sourcing) or market sourcing by seven Japanese automobile manufacturers (OEMs) with respect to 54 components. Our major findings are as follows. First,...