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Incomplete Contracts and Industrial Organization

Grossman, Gene M. - 1999

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/10012471481

Market Fragmentation

Chen, Daniel - 2020

We model a simple market setting in which fragmentation of trade of the same asset across multiple exchanges improves allocative efficiency. Fragmentation reduces the inhibiting effect of price-impact avoidance on order submission. Although fragmentation reduces market depth on each exchange, it...

Persistent link: https://www.econbiz.de/10012479351

Physical Capital, Knowledge Capital and the Choice Between FDI and Outsourcing

Chen, Yongmin - 2008

There exist two approaches in the literature concerning the multinational firm's mode choice for foreign production between an owned subsidiary and a licensing contract. One approach considers environments where the firm is transferring primarily knowledge-based assets. An important assumption...

Persistent link: https://www.econbiz.de/10012464132

Outsourcing when Investments are Specific and Complementary

Lileeva, Alla - 2008

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/10012464170

Managerial Incentives and the International Organization of Production

Helpman, Elhanan - 2002

relevant prevalence of outsourcing and foreign direct investment …

Persistent link: https://www.econbiz.de/10012469300

Outsourcing versus FDI in Industry Equilibrium

Grossman, Gene M. - 2002

We study the determinants of the extent of outsourcing and of direct foreign investment in an industry in which …

Persistent link: https://www.econbiz.de/10012469406

Does Managerial 'Outsourcing' Reduce Expense Preference Behavior? A Comparison of Adopters and Non-Adopters of Contract-Management in US Hospitals

Carey, Kathleen - 2002

This paper explores potential realization of gains by hospitals that are managed on a day-to-day basis by external organizations under formal contracts. It draws from the incentives literature, which postulates that managers of firms where ownership is separated from control will employ an input...

Persistent link: https://www.econbiz.de/10012469553

Outsourcing in a Global Economy

Grossman, Gene M. - 2002

We study the determinants of the location of sub-contracted activity in a general equilibrium model of outsourcing and … trade. We model outsourcing as an activity that requires search for a partner and relationship-specific investments that are … governed by incomplete contracts. The extent of international outsourcing depends inter alia on the thickness of the domestic …

Persistent link: https://www.econbiz.de/10012469987