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Communication in Vertical Markets : Experimental Evidence
Möllers, Claudia - 2016
-known commitment problem by introducing communication. Allowing the upstream firm to chat privately with each downstream firm reduces … total offered quantity from near the Cournot level (observed in the absence of communication) halfway toward the monopoly … bargaining advantage from open communication that all of the gains from monopolizing the market accrue to them. A simple …
Persistent link: https://www.econbiz.de/10012992661
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Data Analysis, Communication, and Control
Welsch, Roy E. - 2021
The role of data analysis in communication, persuasion, and decision-making is discussed. Some problems with current … data-analysis practice are presented, including communication, complex models, large data bases, one-pass processing, rigid …
Persistent link: https://www.econbiz.de/10013243465
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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
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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
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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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Organizing Global Supply Chains : Input Cost Shares and Vertical Integration
Berlingieri, Giuseppe - 2018
We study how the technological importance of inputs – measured by cost shares – is related to the decision to “make” or “buy” that input. Using detailed French international trade data and an instrumental variable approach based on self-constructed input-output tables, we show that...
Persistent link: https://www.econbiz.de/10012907454