Showing 1 - 10 of 6,356
This paper considers the implications of relationship-specific investment within keiretsu for policies aimed at opening the Japanese market for intermediate goods, such as auto parts. Both VIEs applied to parts and VERs restricting Japanese exports of autos cause the keiretsu to import a wider...
Persistent link: https://www.econbiz.de/10013216100
This paper develops a model of informal procurement within Japanese keiretsu so as to consider effects on intermediate-good imports, such as auto parts. Parts-suppliers make relationship-specific investments that benefit the auto-maker and prices are determined by bargaining after investment has...
Persistent link: https://www.econbiz.de/10013240947
In this paper we review issues relating to antitrust and competition in health care markets. The paper begins with a … brief review of antitrust legislation. We then discuss whether and how health care is different from other industries in … ways that might affect the optimality of competition. The paper then focuses on the main areas in which antitrust has been …
Persistent link: https://www.econbiz.de/10013224318
Applying principles of merger evaluation to the health care industry in general, and to hospital markets in particular … our findings for antitrust policy …
Persistent link: https://www.econbiz.de/10013229113
We develop a new theory of the firm where asset owners sometimes want to change partners ex-post. The model identifies …
Persistent link: https://www.econbiz.de/10013065174
We develop an incomplete-contracts model to jointly study firm boundaries and the al-location of decision rights within them. Integration has an option value: it gives firm owners authority to delegate or centralize decision rights, depending on who can best solve problems that may arise in the...
Persistent link: https://www.econbiz.de/10012919310
Using the universe of large Canadian manufacturing firms in 1988 and 1996, we investigate to what extent outsourcing decision can be explained by a simple property rights model. The unique availability of disaggregate information on outputs as well as inputs permits the construction of a very...
Persistent link: https://www.econbiz.de/10012751128
This paper examines complementarity among vertical integration decisions in automobile product development. Though most research assumes that contracting choices are independent of each other, contracting complementarity arises when the returns to a single vertical integration decision are...
Persistent link: https://www.econbiz.de/10012751883
This paper develops an elementary theory of global supply chains. We consider a world economy with an arbitrary number …
Persistent link: https://www.econbiz.de/10013127420
We study the importance of discretion in antitrust enforcement by analyzing the response of asset prices to the sudden … accession of Theodore Roosevelt to the presidency. During McKinley's term in office the largest wave of merger activity in … American history occurred, and his administration did not attempt to use antitrust laws to restrain any of those mergers. His …
Persistent link: https://www.econbiz.de/10012908167