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Contracting in the Absence of Specific Investments and Moral Hazard : Understanding Carrier-Driver Relations in U.S. Trucking
Lafontaine, Francine; Masten, Scott E. - 2021
provision of marginal incentives, and applies the theory to explain variation in the form of compensation of over-the-road truck … of hauls in a way that is consistent with the theory. By contrast, we find that vehicle ownership, which defines a driver …
Persistent link: https://www.econbiz.de/10013212570
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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 Technology : Theory and Evidence
Acemoglu, Daron; Aghion, Philippe; Griffith, Rachel; … - 2021
This paper investigates the determinants of vertical integration using data from the UK manufacturing sector. We find that the relationship between a downstream (producer) industry and an upstream (supplier) industry is more likely to be vertically integrated when the producing industry is more...
Persistent link: https://www.econbiz.de/10013218968
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Employee Spinouts, Social Networks, and Family Firms
Rauch, James E. - 2014
Recently collected data show that, within any manufacturing industry, vertically integrated firms tend to have larger, higher productivity plants, account for the bulk of sales, and also sell externally most of the inputs they produce. In a weak contracting environment characteristic of...
Persistent link: https://www.econbiz.de/10013061777
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Outsourcing When Investments are Specific and Complementary
Lileeva, Alla - 2014
-seller relationship. A theoretical model that allows for varying degrees of investment specificity and for complementarities …---an externality between buyer and supplier investments---guides the analysis. Our main findings are that (i) greater specificity makes … for transactions with low complementarities. High specificity and a low risk of appropriation strengthen the predictions …
Persistent link: https://www.econbiz.de/10012751128
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Vertical Arrangements, Market Structure, and Competition an Analysis of Restructured U.S. Electricity Markets
Bushnell, James - 2007
This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices when retail prices are determined beforehand. For three restructured markets, we simulate prices that define...
Persistent link: https://www.econbiz.de/10012775797
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United States Steel'S Acquisition of the Great Northern Ore Properties : Vertical Foreclosure or Efficient Contractual Governance?
Mullin, Joseph C.; Mullin, Wallace P. - 2021
This paper examines United States Steel's acquisition by long-term lease of the iron ore properties of the Great Northern Railway. This 1906 transaction, which significantly increased U.S. Steel's already substantial ore holdings, has been characterized by contemporary observers and modern...
Persistent link: https://www.econbiz.de/10013222626
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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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Vertical Integration and Market Structure
Bresnahan, Timothy - 2014
Contractual theories of vertical integration derive firm boundaries as an efficient response to market transaction costs. These theories predict a relationship between underlying features of transactions and observed integration decisions. There has been some progress in testing these...
Persistent link: https://www.econbiz.de/10013066521
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Vertical Multinationals and Host-Country Characteristics
Zhang, Kevin H. - 2008
The literature on multinationals and developing countries has examined the causalityquot; running from direct investment to changes in country characteristics (wages skills, etc.) and also the opposite direction of causality, from existing country characteristics toquot; inward direct...
Persistent link: https://www.econbiz.de/10012774926