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Digital Rights Management and the Pricing of Digital Products
Park, Yooki - 2008
As it becomes cheaper to copy and share digital content, vendors are turning to technical protections such as encryption. We argue that if protection is nevertheless imperfect, this transition will generally lower the prices of content relative to perfect legal enforcement. However, the effect...
Persistent link: https://www.econbiz.de/10012727035
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Incomplete Contracts and Industrial Organization
Grossman, Gene M.; Helpman, Elhanan - 2021
We develop an equilibrium model of industrial structure in which the organization of firms is endogenous. Differentiated consumer products can be produced either by vertically integrated firms or by pairs of specialized companies. Production of each variety of consumer good requires a unique,...
Persistent link: https://www.econbiz.de/10013223318
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Managerial Incentives and the International Organization of Production
Helpman, Elhanan; Grossman, Gene M. - 2021
relevant prevalence of outsourcing and foreign direct investment …
Persistent link: https://www.econbiz.de/10013240610
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How Does Outsourcing Affect Performance Dynamics? Evidence from the Automobile Industry
Novak, Sharon - 2015
vertical integration and different performance margins. Outsourcing facilitates access to cutting-edge technology and the use …. Together, these effects highlight a crucial tradeoff: while outsourcing is associated with higher levels of initial performance …
Persistent link: https://www.econbiz.de/10012750358
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Outsourcing When Investments are Specific and Complementary
Lileeva, Alla - 2014
Using the universe of large Canadian manufacturing firms in 1988 and 1996, we investigate to what extent outsourcing … outsourcing less likely; (ii) complementarities between the investments of the buyer and the seller are also associated with less … outsourcing; (iii) property rights predictions on the link between investment intensities and optimal ownership are only supported …
Persistent link: https://www.econbiz.de/10012751128
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Dynamic Supplier Contracts under Asymmetric Inventory Information
Zhang, Hao; Nagarajan, Mahesh; Sosic, Greys - 2010
In this paper, we examine a supply chain in which a single supplier sells to a downstream newsvendor-type retailer. We make two assumptions that enrich this simple and well-understood model. First, we consider a multi-period model, in which the sequence of events is as follows. In a period, t,...
Persistent link: https://www.econbiz.de/10014047671
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Effects of Product Availability : Experimental Evidence
Conlon, Christopher T. - 2010
Product availability impacts many industries such as transportation, events, and retail, yet little empirical evidence documents the importance of stocking decisions for firm profits, vertical relationships, or consumers. We conduct several experiments, exogenously removing top-selling products...
Persistent link: https://www.econbiz.de/10013136549
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Vertical Integration and Optimal Reimbursement Policy
Afendulis, Chris - 2011
Health care providers may vertically integrate not only to facilitate coordination of care, but also for strategic reasons that may not be in patients' best interests. Optimal Medicare reimbursement policy depends upon the extent to which each of these explanations is correct. To investigate, we...
Persistent link: https://www.econbiz.de/10013120946
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A Theory of the Firm Based on Partner Displacement
Hellmann, Thomas F. - 2014
We develop a new theory of the firm where asset owners sometimes want to change partners ex-post. The model identifies a fundamental trade-off between (i) a "displacement externality" under non-integration, where a partner leaves a relationship even though the benefit is worth less than the loss...
Persistent link: https://www.econbiz.de/10013065174
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Why Do Firms Own Production Chains?
Atalay, Enghin - 2014
We use broad-based yet detailed data from the economy's goods-producing sectors to investigate firms' ownership of production chains. It does not appear that vertical ownership is primarily used to facilitate transfers of goods along the production chain, as is often presumed: Roughly one-half...
Persistent link: https://www.econbiz.de/10013066186